Results tagged “barclayscenter”

What better to follow up a meeting with a handful of NBA owners than a $19,000 lunch? That’s right, nothing, which is why Russian billionaire Mikhail Prokhorov, who is looking to purchase the floundering New Jersey Nets and bring then into Brooklyn, stopped into Nello on the Upper East Side Wednesday with a few friends, the Post reported.

Last week, the Daily News reported that Atlantic Yards developer Bruce Ratner had hired Kansas City design firm Ellerbe Becket to revise the Brooklyn Nets arena designed by renowned architect Frank Gehry. Now the NY Times confirms that Gehry is out.

Now that Barclays is buying Lehman Brothers' broker-dealer business, the British firm is also getting Lehman's Seventh Avenue headquarters. The NY Times has a great story following the building's history: It was originally built for Morgan Stanley, but MS decided back out before it was finished and Lehman bought the building four weeks after the 9/11 attacks. The Partnership for NYC's Kathryn Wilde said, “Barclays has had a rather modest presence here, so this is a big new commitment to New York. Given the role that many of our New York-based firms have played in building London’s presence in the world’s financial markets, it seems like a good quid pro quo.” Barclays will also have another marquee NYC address for its name: The Barclays Center where the Nets will play at the Atlantic Yards.

The NY Times is reporting that the Nets won't be playing in Brooklyn for the 2009-2010 season because the arena won't be finished until 2010. The Times attributes the delay to legal challenges. The most publicized lawsuit is the federal case brought by 13 property owners and tenants. The suit alleges that the taking of their property via eminent domain was unconstitutional. In June, a US District Court judge dismissed the case, finding that...