The global recession of 2009 also caused financing for the project to dry up. Its use of eminent domain and its potential environmental impact brought massive community resistance, especially as residential buildings and businesses such as the Ward Bakery were to be demolished and large amounts of public subsidies were used, which led to multiple lawsuits. 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, experienced significant hurdles during its development. 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 is part of a $4.9 billion future business and residential complex now known as Pacific Park. The arena also hosts concerts, conventions and other sporting and entertainment events. 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. Long Island Nets ( NBA D-League) (2016–2017)īarclays Center is a multi-purpose indoor arena in the New York City borough of Brooklyn. MTA Regional Bus Operations: B37, B41, B45, B63, B65, B67, B103Įmpire State Development (State of New York) via Brooklyn Arena Local Development Corporation.New York City Subway: Atlantic Avenue–Barclays Center ( ).
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