Weekly Digest: Barclays Center Fortunes Improving (from Substack newsletter, link)
Was it the alliance with Ticketmaster, now being sued? Also, continued uncertainty about foreclosure auction of six tower sites.
This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 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 USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.
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