elected officials letter to esd president zemsky dec. 16, 2015 re barclays sale

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December 15, 2015 Howard Zemsky Chief Executive Officer Empire State Development Corporation 633 Third Avenue New York, NY 10017 Re: Forest City Enterprises Sale of the Barclay Center and the Brooklyn Nets Dear Mr. Zemsky: As the elected representatives of the neighborhoods adjacent to the Barclay Center, we write to express our deep concern regarding the December 2, 2015 article issued by Bloomberg News, indicating that Forest City Enterprises has reached an agreement with Mikhail Prokhorov, of the ONEXIM Group, for the sole interest in the Barclay Center and the Brooklyn Nets. Mr. Prokhorov already owns 80% of the Brooklyn Nets and 45% of the Barclay Center. The terms of the deal remain unknown to the public and it’s believed that the National Basketball Association, (which has no obligation to act in the public’s interest) may be one of the only entities reviewing the terms before the deal closes. We strongly urge the Empire State Development Corporation (“ESD”) to review the terms and oppose any such sale until assurances are made that the community benefits promised by Forest City Enterprises will be preserved. We ask that any such sale be subject to a fair, open, and timely public review. Public comment should be accepted and evaluated prior to ESD making any decision regarding the finalization of this sale. We also request that if the sale is approved the new owners be legally committed to being responsive to the community with regards to the impact of arena related events and be able to

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Elected Officials Letter to ESD President Zemsky Dec. 16, 2015 re Barclays sale

TRANSCRIPT

December 15, 2015

Howard Zemsky

Chief Executive Officer

Empire State Development Corporation

633 Third Avenue

New York, NY 10017

Re: Forest City Enterprises Sale of the Barclay Center and the Brooklyn Nets

Dear Mr. Zemsky:

As the elected representatives of the neighborhoods adjacent to the Barclay Center, we write to

express our deep concern regarding the December 2, 2015 article issued by Bloomberg News,

indicating that Forest City Enterprises has reached an agreement with Mikhail Prokhorov, of the

ONEXIM Group, for the sole interest in the Barclay Center and the Brooklyn Nets. Mr.

Prokhorov already owns 80% of the Brooklyn Nets and 45% of the Barclay Center. The terms of

the deal remain unknown to the public and it’s believed that the National Basketball Association,

(which has no obligation to act in the public’s interest) may be one of the only entities reviewing

the terms before the deal closes.

We strongly urge the Empire State Development Corporation (“ESD”) to review the terms and

oppose any such sale until assurances are made that the community benefits promised by Forest

City Enterprises will be preserved. We ask that any such sale be subject to a fair, open, and

timely public review. Public comment should be accepted and evaluated prior to ESD making

any decision regarding the finalization of this sale.

We also request that if the sale is approved the new owners be legally committed to being

responsive to the community with regards to the impact of arena related events and be able to

respond in real time to the public's complaints about arena-related illegal parking, intersection

delay, lighting, hygiene, noise, etc. by maintaining and enhancing the integration of response into

both existing and planned oversight structures like the AYCDC. Complaints and their responses

are to be logged in a transparent and open way in order to facilitate dialogue about improvements

with the adversely impacted community.

We respectfully request a response from ESD as soon as possible. You may contact Joseph

Yanis at Assemblymember Walter Mosley’s office by calling (718) 596-0100. We appreciate

your prompt attention to this important matter.

Sincerely,

__________________ _________________

Walter T. Mosley James F. Brennan

Assemblymember, 57th

District Assemblymember, 44th District

_____________________ ___________________

Velmanette Montgomery Jo Anne Simon

State Senator, 25th District Assemblymember, 52nd District

____________________

Laurie Cumbo

Councilmember, 35th District

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