Brooklyn Arena Project Clears Hurdle at ESDC

Cataldo, Adam L.
July 2006
Bond Buyer;7/19/2006, Vol. 357 Issue 32426, p1
Trade Publication
The article reports that the Empire State Development Corp. has adopted a development plan for the Atlantic Yards in downtown Brooklyn, New York City. An estimate of $4.2 billion will be used in the project. The plan calls for the sale of $637.2 million of bonds for the construction of the new home of the New Jersey Nets basketball team. It also involves the development of several buildings that feature residential, office and retail spaces.


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