More Naming Rights for Barclay's


All you Atlantic Yards fans out there in the blogosphere are gonna love this one. Now, not only will you get to (maybe) have an arena with the name Barclay's plastered all over it, you're also going to have a subway station with the name Barclay's plastered all over it. The Times reports that the MTA has reached a deal (finally—they've been looking to do this kind of thing for five years) to sell the naming rights to the Atlantic Avenue station right next to where the arena would be to Barclay's for $4 million. No word on whether Barclay's will be able to pay $800,000 upfront and then take 15 years to pay the rest. Like Ratner, Barclays was able to stretch its payments out over 20 years, making the present value far less than $4 million. Hey, we hear McCarren Park is up for sale too—though the bank will have to get past NAG, Poolaid and its petition first.

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