Ratner Reportedly May Scale Back Nets' Barclays Center Plans
 |
Forest City Ratner Hires Value Engineers To
Review Barclays Center Plans, Save Money |
Plans for the Nets' Barclays Center "may be scaled back to save" Nets Owner and Forest City Ratner (FCR) CEO Bruce Ratner, who is developing the arena as part of the Atlantic Yards Project in Brooklyn, "millions in construction costs," according to sources cited by Lisberg & Sederstrom of the N.Y. DAILY NEWS. The sources indicated that FCR has "brought in 'value engineering' companies to review architect Frank Gehry's blueprints to save money and keep the project afloat amid a cash crunch that has stopped all work at the site." FCR spokesperson Joe DePlasco denied reports that Gehry "had been axed." DePlasco: "Frank Gehry has not been removed from the project." Gehry did not comment on the matter. The cost of Barclays Center has been reported to be as high as $1B, and sources said Ratner is "looking to value engineers to do the arena less expensively and get that dollar amount down. ... They are looking at the arena from inside out and upside down to see how to bring the arena to life less expensively." A source noted that cutting costs could include "using less expensive materials, a different configuration or bringing in a less expensive architect" (N.Y. DAILY NEWS, 1/9). The WALL STREET JOURNAL's Matthew Futterman notes the "price tag of other recently developed arenas has been much lower" than Gehry's design for Barclays Center (WALL STREET JOURNAL, 1/9).
|
Related Stories By Company
|
Related Stories By Sport
|
Nets Finding Unique Ways To Draw Fans
November 19, 2009 :
SportsBusiness Daily
Nets To N.Y. Not Necessity For Prokhorov
November 16, 2009 :
SportsBusiness Daily
Arena Truce May Lead To Nets Move
October 23, 2009 :
SportsBusiness Daily
Nets May Temporarily Move To Pru Center
October 22, 2009 :
SportsBusiness Daily
Nets-Pru Center Games Targeting New Fans
October 20, 2009 :
SportsBusiness Daily
|
Ticket Package Offered For Flyers, 76ers
November 20, 2009 :
SportsBusiness Daily
NBPA Says Total Player Compensation Down
November 20, 2009 :
SportsBusiness Daily
Magic Johnson, Cisco Team For Initiative
November 19, 2009 :
SportsBusiness Daily
Nets Finding Unique Ways To Draw Fans
November 19, 2009 :
SportsBusiness Daily
Grizzlies Optimistic Despite AI Departure
November 18, 2009 :
SportsBusiness Daily
|
|
