Gov. David Paterson's office said Monday it's reviewing a New York politician's claim that the state agency issuing bonds for Barclays Center doesn't have authority to do so. The state created the Brooklyn Arena Local Development Corp. to issue the bonds. State Sen. Bill Perkins said it can't legally issue the kind of bonds needed for a private arena. ESDC is scheduled to close on the arena property Wednesday.
- Pol says Brooklyn arena financing is illegal - Rich Calder - New York Post
- Still waiting for the ESDC to comment on the BALDC questions, but something's percolating - Norman Oder - Atlantic Yards Report