The new Barclays Center opens in 28 days! Metro will offer a tidbit — or two — about the new development every day until opening day.For some reason, Metro seems to be channeling the thoughts of arena executives whose "disappointment" turned to "a bit of gloating." Wouldn't a real newspaper have acknowledged community concerns as well as arena executives' failure to disclose that after-hours drinking plan?
Disappointment over a rejected request to serve liquor until 2 a.m. has turned into a bit of gloating at the realization that Barclays’ 1 a.m. cutoff means venue attendees can drink an hour later than their MSG counterparts. Barclays 1, MSG 0.
On top of that, word has gotten out that the Rolling Stones will be playing two shows in New York City in November.
In another triumph over MSG, the Barclays Center will be playing host to both Stones concerts.
Pacific Park Brooklyn is seriously delayed, Forest City Realty Trust said yesterday in a news release, which further acknowledged that the project has caused a $300 million impairment, or write-down of the asset, as the expected revenues no longer exceed the carrying cost.
The Cleveland-based developer, parent of Brooklyn-based Forest City Ratner, which is a 30% investor in Pacific Park along with 70% partner/overseer Greenland USA, blamed the "significant impairment" on an oversupply of market-rate apartments, the uncertain fate of the 421-a tax break, and a continued increase in construction costs.
While the delay essentially confirms the obvious, given that two major buildings have not launched despite plans to do so, it raises significant questions about the future of the project, including:
if market-rate construction is delayed, will the affordable h…