Venue Detail
Brooklyn Nets
Revenues From Sports Venues Pro Facilities Report
February, 2012
Brooklyn Nets
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390 Murray Hill Pkwy East Rutherford, NJ 07073 Phone: 800-765-6387 Fax: 201-935-1088 URL: www.nba.com/nets Owner: Bruce Ratner and Mikhail Prokhorov League: National Basketball Association, Eastern Conference, Atlantic
Venue
Barclays Center, Brooklyn, NY Owner: Forest City Ratner Companies Managed by: Owner Built: 2012 Capacity: 18,000 Soft drink: Coca Cola
Naming rights
Sold to: Barclays Bank Price: $400,000,000 Term: 20 years
Ticket prices
Season tickets range from $299 to $12,232 Single tickets range from $15.00 to $210.00
Attendance
2009 average attendance: 17,586 2010 average attendance: 13,103 2011 average attendance: 14,179
Suites
Quantity: 130 Term: 3 to 10 years Price: $155,000 to $540,000 Seats: 10 to 16
Club seats
Quantity: 3,200
The Nets are playing temporarily in Newark while a new arena is under construction for them in Brooklyn. The team formerly played in the Meadowlands at the Izod Center.
The Atlantic Yards project has more than 6,000 apartments, high-rise towers and a hotel on 22 acres near Downtown Brooklyn.
The Ratner plan calls the arena to be part of a $2.5 billion development. Ratner said he would fund the $500 million arena by borrowing from the city against future revenue generated by ticket sales.
What Ratner didn’t count on was a major economic crisis that would stall the project and delay the arena. By the end of 2009, Ratner had met his deadlines and finalized funding for the venue. While work has begun, there are still legal challenges ahead for the venue, but none are expected to stop its construction.
The 675,000-square-foot facility, scheduled to open on 2012, will hold 18,000 seats for basketball and 19,000 for concerts, said Barclays Center General Manager Alex Diaz.
The arena’s 104 luxury suites will include 63 on the lower suite level, just above the lower-level seats. (Basketball, Facilities, Financial, NBANBA, Professional Sports)