Pacific Park, Brooklyn
The Barclays Center is the new home arena of the National Basketball Association's Brooklyn Nets, and the NHL's New York Islanders which was purchased by a group led by principal developer Bruce Ratner with the intention of making it and the arena the centerpiece of the whole project. This brought major league professional sports to Brooklyn for the first time since the Brooklyn Dodgers moved to Los Angeles, California after the 1957 season. The arena’s design once included an ice skating rink and a green roof. An NBA basketball team now owned primarily by Russia's second richest man Mikhail Prokhorov, the Nets began playing at the Barclays Center arena in 2012. Formerly the New Jersey Nets, the Nets re-branded themselves when they moved to the Barclays Center. Prokhorov is an avid basketball fan, and, with 80 percent ownership in the Nets, he has become the first Russian owner of a major U.S. professional sports franchise. The deal was necessary for Ratner, who was risking losing tax-exempt financing and the Barclays naming-rights deal if he did not break ground within three months' time.
Brooklyn Nets
YankeeNets failed in its attempts to secure a deal with Newark to construct a new arena in the city. By that point in time, tensions between the management of the Yankees, Nets, and the Devils had cause a rift between them, and a decision was made to split the group up. With their plan to move the Nets dead, the Community Youth Organization placed the team on sale. After a short bidding process, the group secured a deal in 2004 with real estate developer Bruce Ratner to buy the team for $300 million, defeating a similar offer by Charles Kushner and Senator Jon S. Corzine of New Jersey. Ratner had purchased the team with the intent of moving it to a new arena in Brooklyn, which was to be a centerpiece of the large-scale Atlantic Yards development.