Barclays Center is a multi-purpose indoor arena in Brooklyn, New York. It sits partly on a platform over the Metropolitan Transportation Authority-owned Vanderbilt Yards rail yard at Atlantic Avenue. It is part of a $4.9 billion sports arena, business and residential complex known as the Atlantic Yards.
The arena hosts the National Basketball Association’s Brooklyn Nets, along with concerts, conventions and other sporting events, competing with other facilities in the New York metropolitan area, including Madison Square Garden in Manhattan, Nassau Coliseum in Uniondale, Prudential Center in Newark, and Izod Center in East Rutherford. Beginning in 2015, it will also be the home of the New York Islanders of the National Hockey League.
Initially proposed in 2004 when real estate developer Bruce Ratner purchased the Nets as the first step of the process to build a new home for the team, the development of the arena experienced significant hurdles along the way. The use of eminent domain stirred up community resistance, especially as residential buildings and businesses such as the Ward Bakery had to be demolished, and led to multiple lawsuits. The global recession of 2009 also caused financing for the project to dry up.
As a result, the start of construction was delayed for many years and at times in danger of not happening at all. Groundbreaking for construction occurred on March 11, 2010, and the arena was opened to the public on September 21, 2012. It held its first event with a Jay-Z concert on September 28, 2012. On July 22, 2013, the U. S. Green Building Congress awarded LEED® Silver Certification for New Construction to Barclays Center, the first professional sports and entertainment venue in the New York metro area to achieve this status for its sustainable design and construction methods.