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.
- $500 Million in Bonds Sold in 2 Hours for Nets’ Arena - Charles V. Bagli - New York Times
- Atlantic Yards bonds sell for $511M - Theresa Agovino - Crains New York Business
- Bonds for new Nets arena sell well - AP
- Brooklyn Arena Sells $511 Million in Tax-Exempt Bonds - Jeremy Cooke - Bloomberg News
- Ratner Wins Bond Financing for Nets Arena - Eliot Brown - New York Observer
- Atlantic Yards project developers complete bond sales - John Brennan - The Record
- Forest City Announces Pricing of $511 Million Tax-Exempt Bonds for Barclays Center at Atlantic Yards - Forest City Enterprises
- Atlantic Yards passes funding obstacle, clearing way for Brooklyn Nets arena - Rich Calder - New York Post
- Investors grab up Brooklyn Arena bonds - NY1
- Bonds away! Ratner’s tax-free bonds are snapped up fast - Stephen Brown - Brooklyn Paper
- Nets bonds are sold, beating IRS deadline - Neil deMause - Brooklyn Paper
- Goldman and Barclays Price Nets Arena Bond - Project Finance
- Ratner sells $511 million in tax-free bonds to pay for new Nets arena - Erin Durkin - New York Daily News
- The Final Slam Dunk? - Matt Chaban - Architect's Newspaper
- Bonding with the Nets: Financing is in place at long last to bring the team to Brooklyn - Editorial - New York Daily News