Barclays Center

Barclays Center
Barclays Center in 2019
Barclays Center is located in New York City
Barclays Center
Barclays Center
Location in New York City
Barclays Center is located in New York
Barclays Center
Barclays Center
Location in New York State
Barclays Center is located in the United States
Barclays Center
Barclays Center
Location in the United States
Address620 Atlantic Avenue
LocationBrooklyn, New York, U.S.
Coordinates40°40′57.58″N 73°58′30.81″W / 40.6826611°N 73.9752250°W / 40.6826611; -73.9752250
Public transit
OwnerEmpire State Development (State of New York) via Brooklyn Arena Local Development Corporation[1]
OperatorBSE Global / ASM Global [2][3][4]
CapacityBasketball: 17,732
Ice hockey: 15,795
Concerts: 17,000[5]
Boxing/Wrestling/MMA: 16,000
Tidal Theater: Approx. 6,000
Construction
Broke groundMarch 11, 2010[6]
OpenedSeptember 21, 2012
Construction costUS$1 billion[5]
($1.33 billion in 2023 dollars[7])
ArchitectAECOM (Ellerbe Becket)
SHoP Architects
Project managerForest City Ratner Companies
Structural engineerThornton Tomasetti
Services engineerWSP Flack + Kurtz
General contractorHunt Construction Group[8]
Tenants
Brooklyn Nets (NBA) 2012–present
LIU Sharks (NCAA) 2012–present
New York Islanders (NHL) 2015–2020
Long Island Nets (NBA D-League) 2016–2017
New York Liberty (WNBA) 2021–present
New York Mavericks (PBR) 2024-present
Website
barclayscenter.com

Barclays Center (/ˈbɑːrkliz/ BAR-kleez)[9] is a multi-purpose indoor arena in the New York City borough of Brooklyn. The arena is home to the Brooklyn Nets of the National Basketball Association and the New York Liberty of the Women's National Basketball Association.[10] The arena also hosts concerts, conventions and other sporting and entertainment events.

The arena is part of a $4.9 billion future business and residential complex now known as Pacific Park.[11] The site is at Atlantic Avenue, next to the renamed Atlantic Avenue–Barclays Center subway station on the 2, ​3, ​4, ​5​, B, ​D, N, ​Q​, R and ​W​ routes, as well as directly above the LIRR's Atlantic Terminal.

The arena, proposed in 2004 when real estate developer Bruce Ratner purchased the Nets for $300 million as the first step of the process to build a new home for the team,[12] experienced significant hurdles during its development. Its use of eminent domain and its potential environmental impact[13] brought massive community resistance, especially as residential buildings and businesses such as the Ward Bakery and Freddy's bar[14] were to be demolished and large amounts of public subsidies were used, which led to multiple lawsuits. The Great Recession also caused financing for the project to dry up. As a result, construction was delayed until 2010, with no secure funding for the project having been allotted. Groundbreaking for construction occurred on March 11, 2010, and the arena opened on September 21, 2012, which some 200 protesters also attended.[6] Its first event was a Jay-Z concert on September 28, 2012.[6][15]

The arena is owned by the State of New York's Empire State Development authority through a public entity named the Brooklyn Arena Local Development Corporation.[1] It is leased by Brooklyn Event Center LLC, owned by Brooklyn Nets owner Joseph Tsai, with operations (and associated revenue) managed by Tsai's BSE Global.[16]

  1. ^ a b "No, Mikhail Prokhorov doesn't 'own' the Barclays Center". CityandStateNY.com. April 19, 2018. Retrieved August 15, 2019.
  2. ^ "Barclays Center - About Us". BarclaysCenter.com. Retrieved August 15, 2019.
  3. ^ Ozanian, Mike (December 23, 2015). "Prokhorov Buys Brooklyn Nets And Arena From Ratner For $1.7 Billion". Forbes.
  4. ^ "Current management seen as continuing at Barclays Center (operating company), though not clear how long; why is Ratner selling for seeming low price?". Atlantic Yards Report. October 21, 2014.
  5. ^ a b "The NBA Comes to Brooklyn". Construction Digital. August 1, 2011. Archived from the original on October 18, 2011. Retrieved August 4, 2011.
  6. ^ a b c Durkin, Erin; Hutchinson, Bill (March 11, 2010). "Atlantic Yards Ground-Breaking Event Marked By Politicians, Pop Star and Protests". New York Daily News. Archived from the original on March 14, 2010. Retrieved March 11, 2011.
  7. ^ 1634–1699: McCusker, J. J. (1997). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda (PDF). American Antiquarian Society. 1700–1799: McCusker, J. J. (1992). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States (PDF). American Antiquarian Society. 1800–present: Federal Reserve Bank of Minneapolis. "Consumer Price Index (estimate) 1800–". Retrieved February 29, 2024.
  8. ^ "Hunt awarded construction contract for the Barclays Center". huntconstructiongroup.com. November 26, 2009. Archived from the original on May 9, 2012. Retrieved April 29, 2012.
  9. ^ "2016–17 NBA Pronunciation Guide (Start of Season)" (PDF). National Basketball Association. Retrieved September 24, 2018.
  10. ^ Hunt, Christopher (September 26, 2011). "Jay-Z: Team to be Brooklyn Nets". ESPN. Archived from the original on September 29, 2011. Retrieved September 26, 2011.
  11. ^ "About Atlantic Yards". Empire State Development Corporation. Archived from the original on September 19, 2012.
  12. ^ Sandomir, Richard; Bagli, Charles V. (January 21, 2004). "Brooklyn Developer Reaches Deal to Buy New Jersey Nets". The New York Times. Retrieved October 4, 2012.
  13. ^ "Intelligencer: Atlantic Yards, Inch by Inch". New York Magazine. March 29, 2009.
  14. ^ Fahim, Kareem (April 30, 2010). "Last Call Looms at Freddy's, in the Path of Atlantic Yards". The New York Times. ISSN 0362-4331. Retrieved August 16, 2023.
  15. ^ "Barclay's Center Opens In Brooklyn". New York Music News. September 28, 2012. Archived from the original on October 4, 2012. Retrieved September 28, 2012.
  16. ^ "Joe Tsai Completes Acquisition of Full Ownership of Brooklyn Nets and Barclays Center". BSE Global. September 18, 2019. Archived from the original on April 12, 2020. Retrieved September 18, 2019.