Next stop! Barclays Station

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Next stop, Barclays!

Basketball arena developer Bruce Ratner will pay $200,000 per year to have the Atlantic Avenue and Pacific Street subway stations co-named for Barclays, the British bank whose name will also adorn the proposed arena at the corner of Atlantic and Flatbush avenues.

The 20-year contract is the first naming-rights deal for the cash-strapped Metropolitan Transportation Authority, which has unsuccessfully tried to find sponsors for other stations around the city.

Board members and staff heralded the arrangement, approved on Wednesday, as a major victory for the chronically underfunded mass transit system.

Ratner has said he’ll break ground on the Nets’ home court this fall. The renaming of the subway lines — and the Barclays’ appearance on maps — will coincide with the arena’s opening, now planned for 2012.

Barclays signed a deal to pay Ratner $400 million for the sponsorship deal of the long-awaited arena two years ago. At the time, opponents protested that a bank with links to slavery and the Holocaust should not have its name anywhere in Brooklyn, with its sizable black and Jewish populations.

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Reader Feedback

al pankin from downtown says:
this is great news...maybe the MTA will put the money to good use and keep the place is filty !
June 25, 2009, 12:34 pm
Charles from PS, Bklyn says:
Yeh, great news. Our government is selling our community out for a few dollars more.
June 25, 2009, 3:45 pm
jt from ps says:
why aren't you using the NEW renderings for the non-gehry stadium? come on, get on the ball.
June 25, 2009, 5:13 pm
d goldstein from p. heights says:
you are missing the story.

Barclays bought arena naming rights for an iconic Gehry arena. They won't get that so Ratner has to add sweeteners, one of which is using some of that naming rights money to purchase our public space for Barclays.
June 26, 2009, 12:38 am
Paul from Park Slope says:
Hey, if a public authority like the MTA can see that naming rights money should go to the public, why can a public authority like the ESDC get away with squandering $400million by letting Ratner keep the Barclay's money? Is this "throw the dog a bone?" Or another lawsuit in the making?
June 26, 2009, 7:51 am
koki from Crown Heights says:
OMG! Enough with the "Thats are neighborhood" Good things can come from this, Hell at least my house will go up in property value. I'm looking to start a business over there so more people/ tourists equal more money. It's good for business so stop whining about it all and start thinking about how the new center can benefit you. Whether all of you want to except it or not the center will be built....Brooklyn is the new Manhattan
June 18, 2010, 9:37 am
koki from Crown Heights says:
"MTA public Authority".....—— the MTA, they are nothing but a bunch of greedy ass holes who have not intention of looking out for people just the money in their pockets.
June 18, 2010, 9:39 am

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