This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Forest City Celebrates Barclays Center Ribbon Cutting In Brooklyn

CLEVELAND and BROOKLYN, N.Y., Sept. 21, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today officially marked the completion of Barclays Center, its state-of-the-art arena in downtown Brooklyn and the anchor element of the overall Atlantic Yards development.  At the ribbon cutting, senior executives from the company were joined by New York City Mayor Michael Bloomberg, Brooklyn Borough President Marty Markowitz, Brooklyn Nets owner Mikhail Prokhorov, Brooklyn Nets CEO Brett Yormark, labor union officials, and many other political, civic and community leaders.

"This is a great day for Brooklyn and a great day for our company," said David J. LaRue, Forest City president and chief executive officer. "Barclays Center is a tremendous new asset for the borough and the entire New York metropolitan area.  It's also a great addition to our national portfolio of real estate and the first crucial piece of our vision for Atlantic Yards. We salute all of our public partners for their support and our whole New York team for its determination, passion and skill that led to this day."

"With Barclays Center, the intersection of Atlantic and Flatbush Avenues has become one of the greatest crossroads in New York," said Bruce C. Ratner, chairman and chief executive officer of Forest City Ratner Companies, Forest City Enterprises' New York subsidiary. "This iconic structure is a lasting testament to the union men and women who built it and a celebration of the greatest borough in the greatest City in the world.  Barclays Center is quickly becoming a destination for some of our most creative artists and athletes, as well as a cultural destination for families throughout the City and visitors from all corners of the globe."

This world-class, 675,000-square-foot sports and entertainment venue will be the home to the Brooklyn Nets and will host more than 200 planned cultural and sporting events annually.  It officially opens September 28 with the first of eight sold-out concerts by JAY Z.

The arena was designed by the award-winning architectural firms AECOM and SHoP Architects, in collaboration with The Hunt Construction Group, the design/builder.  Its exterior consists of woven bands of weathered steel that wrap around the building and flow into a canopy over the main entrance at the intersection of Atlantic and Flatbush Avenues.  Built into the canopy is an open, oval oculus that houses a 3,000-square-foot, 360 degree LED marquee.  Large areas of glass at street level offer direct views into the arena and create a strong visual connection to the surrounding urban neighborhood. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs