Daily News excerpts
“It's hard to understand what happened,” admitted Community Board 13
district manager Chuck Reichenthal, referring to the Monday night vote.
Markowitz said he was “disappointed” by the vote.
“This project... will generate jobs, economic development and joy for Coney Island and all of Brooklyn for generations to come.”
The board’as decision is merely an advisory ruling and the project is expected to be ultimately approved.
The City Planning Commission will likely approve it during a vote next
month before the proposal gets sent to the City Council for final
The amphitheater will seat 5,000 people with room for another 2,000 on the lawn behind it, according to the plans.
The performance space would play host to as many as 40 concerts between May and October.
The historic restaurant has been closed since 1947. More recently, the
place was taken over by Tell Chocolate Company but that company closed
several years ago and the building has been empty ever since.
“This is going to be a tremendous boon to Coney Island,” said Weiss,
the developer's attorney. “It's going to take a desolate end of the
boardwalk and create life with a park and the restoration of the Childs
Anyone who has walked past the Barclays Center has seen its famous 70,000-pound scoreboard, visible to all from the street.
Keeping score of the Barclays Center’s financial performance and the
economic impact it has had on the surrounding neighborhood and the city
overall, has become a sport of its own — and in many ways the
18,200-seat arena is making big strides.
Ticket and concession sales are booming at the glass and weathered
steel-fronted sports and entertainment complex which has seen more than 2
million customers come through its doors and is now ranked as the
country’s No.1 concert venue.
While profits are lagging because of the high cost of running the
arena, Forest City Ratner executive chairman Bruce Ratner calls the
Barclays Center “a great financial success.”
“In a year, we have become the major arena in the U.S.,” Ratner told the Daily News.
From the Brooklyn Nets who have seen ticket sales spike since their
move to the borough, to local landlords who are witnessing a surge in
property values, others are likewise seeing their fortunes rise with the
arrival of the Barclays Center, the centerpiece of Forest City Ratner’s
$4.9 billion project Atlantic Yards project.
“There is no question that the Barclays Center — America’s most
beautiful arena — is a true Brooklyn success story,” said Brooklyn
Borough president Marty Markowitz.
The arena has brought jobs to the neighborhood, employing 2,000 people —
80% are Brooklyn residents and one third are from local housing
projects — though 1,900, are part-timers.
Brisk event and food sales and the fat payroll of the Brooklyn Nets —
amounting to more than $120 million — are boosting the city’s tax
“We have exceeded all of our benchmarks and that translates into more taxes,” Ratner said.