NYI & Barclays Center To Make Major Announcement (mod edit: NYI to Brooklyn in 2015)
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12-01-2012, 02:38 PM
Join Date: Feb 2012
Originally Posted by
Land costs, labor costs, and the fact that like MSG, TD Garden, etc, the building was being built on top of a massive underground transit hub/rail yard. When you do that, you have to worry about building the building in such a way where nothing underneath it will bear the brunt of the weight of the building, so construction is a lot more complicated. It's a lot more expensive than building a building on a giant block of empty land.
Plus the locations aren't really that comparable. Barclays Center is in a ridiculously populated area a stone's throw from Manhattan, a 5 minute walk from absurdly upscale neighborhoods, an 8 minute train ride from lower manhattan. The Prudential Center is much further from manhattan, in a much less populated area, in a neighborhood that was generally viewed as awful until the arena was built. A NYC comparable for where Prudential Center is built would be more like Willets Point than downtown Brooklyn. An NJ comparison for where Barclays is would be more like the Jersey City or Hoboken waterfront, where the building would have likely cost a lot more than 375 mil.
That makes sense, especially the part about building on top of a transit hub. Thanks
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