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Arena Bonds Approved, Go to Market December 1

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A newly formed state agency, the Brooklyn Arena Local Development Corp., has approved the sale of $825 million in bonds for Barclays Center and supporting infrastructure. The vote came just after the Court of Appeals ruling Tuesday morning. Wasting no time, Goldman Sachs will begin marketing the bonds next Tuesday with an "offering memorandum". The Nets face a Dec. 31 deadline on the financing.