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Brooklyn Bonds Sell Out in Two Hours

The Nets' move to Brooklyn cleared a major hurdle Tuesday. More than $500 million of tax-exempt bonds for the team's new arena sold out in two hours--and at a lower interest rate than expected. "There was a strong appetite for the bonds," said a bond analyst. The master closing for Atlantic Yards, along with the start of condemnation of parcels that FCR doesn't already own, is expected next week.