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Atlantic Yards/Pacific Park FAQ, timeline, and infographics (pinned post)

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CNBC says Brooklyn Nets and associated businesses worth $6 billion (above Forbes' number, below Sportico's)

The Brooklyn Nets and associated businesses are "only" worth $6 billion ( link ), according to CNBC's new list of NBA valuations, "only" a 7.1% increase over last year's $5.6 billion . That mean's they're ranked tenth in the league, rather than eighth last year. Still,  they're only a notch behind the  Philadelphia 76ers , worth an estimated $6.1 billion, and the  Miami Heat , valued at $6.05 billion. "The average value of an NBA team is now $5.52 billion, 18% more than a year ago," CNBC's Mike Ozanian writes . He cited  the impact of the new NBA TV deal, the role of private equity, teams being sold over multiple years, and new arena for the Los Angeles Clippers. For the Nets, he cited revenue of $409 million, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $80 million, and 13% debt as a percentage of value. The calculation, as always, is a bit of an art, relying on both revenues, including if the team o...
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City & State ranks Joe and Clara Wu Tsai #45 in the Brooklyn Power 100, returns Social Justice Fund head Gregg Bishop to the list. A key lobbyist on AY, too.

The political publication City & State New York recently published its annual  The 2026 Brooklyn Power 100 , with the subheadline, "The political hierarchy of Kings County." Last July--less than a year ago--the publication ranked Joe Tsai and Clara Wu Tsai #43, which I thought was too low. After all, they'd sold a slice of holding company BSE Global to the Koch family at at high valuation, and sold a slice of the New York Liberty to several investors at another high valuation. More importantly, and also unmentioned, the Tsais had begun to build a Brooklyn "ecosystem" of media and entertainment. So I still think their ranking is low, especially since the associated philanthropic enterprise, the Social Justice Fund, has won them many allies, even if its spending claims aren't documented . Indeed, though I hadn't noticed it at the time, BSE Global bought a City & State advertisement (see below) saluting the honorees, with trademarks for its holding...
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Barclays Center February 2026 event calendar: 21 ticketed shows (updated with official calendar)

Feb. 4: see update below A few days before each month, the Barclays Center circulates a monthly calendar of events to neighbors, including when doors open, and when the event begins and ends. The calendar includes ticketed and non-ticketed events, though the arena no longer identifies the latter. Curiously enough, they haven't yet circulated a calendar for February. (I asked yesterday, but haven't heard back.) So let me offer a provisional calendar, limited to ticketed events, drawn from the arena's website : six Brooklyn Nets games, eight circus shows, three Disney on Ice shows, and four single events: Harlem Globetrotters, a comedy show, a concert, and a worship ministry concert event. So, a total of 21 events, thanks in part to multiple Disney and circus shows on the same day. Screenshot from Barclays Center  website   The official February 2026 Community Notice was finally distributed, at least four days late and it offers no new information beyond the timing of the sho...
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In another stage of arena revamp, Brooklyn Sports & Entertainment plans to replace Qatar Airways Club with new space

I already cited the press release from Brooklyn Sports & Entertainment, Jan. 16,  Brooklyn Sports & Entertainment Announces Reimagined Premium Event-level Experience at Barclays Center , in my other coverage today about BSE, but let's capture the full press release and a few highlights. First, the claimed investment to revamp arena spaces is now up to $140 million, after long being said to be $100 million--even in a document I cited today. While the space at the western end of the arena would replace what's now called the Qatar Airways Club, that (expiring, departing) sponsor goes unmentioned. Surely there will be a new one. "Spanning more than 9,000 square feet and accommodating 360 members, the space is inspired by the layered evolution of DUMBO, where industrial roots meet modern refinement," the announcement states.  Well, they've invoked "brownstone" before, so they're just doubling down. Except the heritage of DUMBO is anchored in histo...
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The aftermath of the Pintchik sale: turnover after new owners of retail in blocks near arena raised rents, according to Park Slope Pulse

Photos: Norman Oder On Jan. 4, the publication Park Slope Pulse published Why 30+ Local Businesses closed in 2025 across Park Slope, Prospect Heights, and Gowanus , with a closer look at Bergen Street. "Several owners specifically cited rent hikes along the Bergen Street corridor between 5th Avenue and Flatbush Avenue - a stretch long known for independent boutiques and eateries," the publication reported. "Business owners have also reported similar rent increases along 5th Avenue." As I  reported last year, longtime landlords, the Pintchik family, sold 26 buildings, including 11 on Bergen Street for $102.5 million to the Ostad brothers. of Tristar Management. The total included 32 retail spaces and 80 apartments. Given the original owners' low cost basis, they were known for reasonable rents. That was expected to change, and it apparently did. (The new owners have not, however, added floors to the buildings.)  "Notice to the Customer," reads the sign...
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BSE Global's Brooklyn Basketball Training Center hosts a social uplift event, but mainly $65/hour youth classes, with murky info on financial aid.

So, is the Brooklyn Basketball Training Center, in the former Modell's store across Flatbush Avenue from the Barclays Center, a place for social uplift? Or for pursuit of profit? Probably more of the latter, though BSE Global, which operates the center (and owns the arena company and the Brooklyn Nets/New York Liberty), surely wants to emphasize the former. Consider: the Training Center last Dec. 6 hosted an event for more than 60 youths sponsored by Common's Free to Dream initiative, in partnership with the Brooklyn Nets and the Social Justice Fund established by BSE Global owners Joe and Clara Wu Tsai.  (See NetsDaily's  Common and the Social Justice Fund team up to help Brooklyn , which noted that some students came from Paterson, NJ.) View this post on Instagram A post shared by FREE TO DREAM™ (@iam_freetodream) Cross promotions It involved "inspiring keynotes, interactive workshops, and a premium game-day experience at the Barclays Center,...
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Pacific Park Conservancy, in report on 2024, ramps up its spending (and there was likely more in 2025). Will fixing the dog run be on the table?

According to the latest Form 990 return ( here , and bottom) to the IRS, the Pacific Park Conservancy, which manages the project's publicly accessible open space, increased its revenue slightly and its spending significantly in calendar year 2024. Presumably, the numbers for 2025 will be as robust. It raised $1,024,034 in 2023 and $1,115,763 in 2024, in assessments from project buildings. However, while it reported $657,789 in 2023 expenses, in 2024 it spent a more robust $1,091,854. The latter included: Landscaping: $237,350 Security: $178,413 Cleaning: $90,727 Pest control: $13,200 Repair and maintenance: $32,863 Utilities: $132,037 Supplies & equipment: $18,224 Irrigation: $12,334 Added to that $715,148 total was $351,650 in insurance. In 2023, by contrast, it spent  far less on property expenses, including $65,840 on landscaping and $31,384 on cleaning.  Ramping up? As I wrote last April, to improve oversight and maintenance, the Conservancy hired Streetplus , a Brook...
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