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.
History of the Brooklyn Nets
On March 29, 2010, the Nets defeated the San Antonio Spurs for the first time since the 2003 NBA Finals. The win was their 10th of the season, keeping them out of the record books for the worst season of all time, a distinction held by the 2011–12 Charlotte Bobcats. Still, the Nets finished with a 12–70 record, becoming only the fifth team to lose 70 games in a season, shared by the 1972–73 Philadelphia 76ers (9–73), 1986–87 Los Angeles Clippers (12–70), 1992–93 Dallas Mavericks (11–71) and 1997–98 Denver Nuggets (11–71).
On February 18, 2010, the Nets finalized a deal that would move them to Prudential Center in Newark, New Jersey. The Nets would begin playing in Newark in the 2010–11 season and remain there until Barclays Center opened in Brooklyn. There was significant optimism going into the off-season, especially as the Nets began promoting their "It's All New" campaign while looking forward to a new home, new owner, new coach, and new players. They also held the best chance of landing the top pick in the 2010 NBA draft, with which John Wall was eventually drafted. However, luck would once again not be on the Nets' side, as on May 18, 2010, the Nets received the third overall pick in the draft; they selected Derrick Favors, a power forward out of Georgia Tech.