(The New York Post has a longer story that gushes about the suites and calculates $30-$35 million a year. Here's a PDF of renderings. Note the Barclays logo.)
That average is higher than that I assumed in February 2007 after reading the KPMG report. And it means that, despite the skyrocketing cost of the arena, up to $950 million, suites and sponsorships would go a long way to paying for it.
Let's try the math. At a 5% interest rate, over 30 years, bond payments would be $61.2 million a year. (That's a somewhat arbitrary interest rate and an online calculator, so my math could be off.)
Barclays would pay $400 million, or $20 million a year, over 20 years. Add $39 million in suites and the $59 million total nearly reaches $61.2 million.
Add a couple of million dollars in other sponsorships--"14 totally integrated partners" are expected--and the arena bond is paid for, at least for the first 20 years. Remember, FCR would pay no taxes, but instead the bond payments would act as payments in lieu of taxes.
It's a suite deal. No wonder they're moving ahead.