This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9B project to build the Barclays Center arena and 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland Group bought a 70% stake going forward. As of 2018, after the arena and four towers were built, Greenland will own 95% of future construction.
Subscribe to this blog
Follow by Email
Search This Blog
Quarterly disclosure to bondholders: $43.3 million in both ticket sales and suite and sponsor installments
The Brooklyn Events Center, the Barclays Center operating company, yesterday released its latest (and fourth) quarterly disclosure to bondholders, indicating $43.3 million in both ticket sales and suite and sponsor installments.
That's a small but not necessarily significant dip from previous quarters, mainly because of suite and sponsor installments. Tickets tales are up compared to the previous two quarters, but not the first one.