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.
- Ruling Lets Atlantic Yards Seize Land - Charles V. Bagli - New York Times
- Nets Have Dug a Big Hole, but Their Foundation Is in Place - Jonathan Abrams - New York Times
- Atlantic Yards Decision Drama! Arena Financing Nearer, More Lawsuits - Eliot Brown - New York Observer
- Builders Net Win in N.Y. Case - Suzanne Sataline, Matthew Futterman & Christina S.N. Lewis - Wall Street Journal
- Ratner a winner in court, a loser on one - Ian O'Connor - The Record
- Court ruling only beginning of what could be very, very, very long goodbye to NJ Nets - Steve Politi - Star-Ledger
- The Good, The Bad and The Nets - Alex Raskin - HoopsWorld
- Nets get first court victory - Bill Sanderson - New York Post
- Arena bonds authorized, underwriter Goldman confident, but questions remain about rating, insurance, market - Norman Oder - Atlantic Yards Report
- Brooklyn couple wants Gov. Paterson to stop Ratner's eminent domain win - Juan Gonzalez - New York Daily News
- Atlantic Yards "Cloud" Lifted, But Fog Remains: What About the Bonds? - Neil deMause - Village Voice
- Gov. Paterson should tell potential bondholders that Atlantic Yards isn’t too big to fail - Nicole Gelinas - NY Fiscal Watch