Title: Nets: Brooklyn proposed as home for Nets

Event: Ratner's announcement

Source: Newark Star-Ledger

Author: Matthew Futterman

Date: July 23, 2003

Associated media: Download article

Excerpts: "Raymond Chambers, Newark's leading philanthropist, is making a push for an arena in the state's largest city where only the Devils would play.

"At the same time, his partner, Lewis Katz, is pursuing talks of his own to move the Nets to Brooklyn, according to four top executives and investors with YankeeNets, the sports company that controls the teams.

"Associates of Chambers and YankeeNets officials said Katz is talking with Bruce Ratner, president of Forest City- Ratner Cos., about an arena above the Long Island Railroad terminal on Atlantic Avenue in Brooklyn.

"The proposed $500 million Brooklyn arena would include 5,500 housing units. The associates said Ratner has signed up the noted architect Frank Gehry to design the project, which would be financed with roughly $30 million a year in tax revenues collected at the site."

URL: http://www.newslibrary.com/sites/stlb/

Referenced by: Brooklyn Nets

Location: POINT (-74.1786146031325586 40.7321044043617277)