clock menu more-arrow no yes

Filed under:

Now It's Up to the Bankers...and Prokhorov

New, comments

The Empire State Development Corp. announced Tuesday that it has secured "investment grade" ratings for the $600 million in bonds needed to finance Barclays Center and was awaiting a rating for another $150 million for infrastructure. Now they have to be sold...in a month. Beyond legal and financial issues, there's what it means for the team. That's where Mikhail Prokhorov's willingness to spend comes in.