Watchdog journalist, writes Atlantic Yards/Pacific Park Report (& more), about controversial #Brooklyn real estate project #BarclaysCenter #AtlanticYards

Brooklyn, NY
Joined April 2009
As I wrote in December 2012 (!): “Atlantic Yards ‑ for now, an arena, with one tower slated to start construction on Dec. 18 ‑ should serve as a reminder that, as such complicated deals evolve, the public interest requires constant vigilance.” web.archive.org/web/20121219… Still true.
Would Joe Tsai's Slickest Move Be Poaching Ticketmaster Plaza? normanoder.substack.com/p/wo… Keeping the branded plaza bolsters #BarclaysCenter operations & revenues. @empirestatedev has more leverage than they admit. Why not map it as parkland & charge BSE Global a licensing fee? 1/
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Genuflecting to the rich: the NY Times on Clara Wu Tsai normanoder.substack.com/p/ge… Plus: a pricey Playback film festival. Also, Brooklyn Sports & Entertainment buys three gyms to “expand access” to youth basketball.
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Some problems, Wu Tsai told NYT, are larger than any one person’s capacity to solve. Girl, *please* That's what *government* is for If the Tsais paid taxes on the Barclays Center site, or otherwise were required to share their gains, more problems might be solved @NetsDaily
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Weird that nearly all the $76 seats are sold out for Crooklyn at BAM's Playback, while many $46 seats remain. Who's spending $76 to see Crooklyn? Were they early-bird insiders? Might Wu Tsai be subsidizing those expensive seats, or tapping her favor bank to recruit buyers?
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Atlantic Yards: a complicated story normanoder.substack.com/p/at… An official project history leaves a lot out. Even my annotated version does, too. Panel tonight.
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Sports unites America, and reaps big profits. Brooklyn Nets/BSE now worth $7.45B normanoder.substack.com/p/sp… That’s more than double what the Tsais paid in 2019. So why do the Barclays Center (& MSG) deserve tax-exempt sites?
The average NBA team is worth $6.64 billion, according to data compiled by Sportico. The Golden State Warriors rank first at $14.5 billion, while the Memphis Grizzlies rank last at $4.2 billion Full list: sportico.com/feature/nba-tea…
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According to @GiniaNYT, Clara Wu Tsai does not contribute to political campaigns. Wrong share.google/U20z8Ii7CsAUBrX…
What’s Clara Wu Tsai up to? In NY Times interview before Liberty exit, she talks about her move to Brooklyn, a growing connection to city’s arts, including some new pieces at Barclays as well as a social justice initiative for new mothers in Brownsville. nytimes.com/2026/10/09/style…
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She gave the max to Governor Kathy Hochul, $69,700 four years ago The governor is the key decision-maker on some important things regarding the arena
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Big winners from Atlantic Yards have been Brooklyn Nets/ArenaCo owners Mikhail Prokhorov & now Joe & Clara Wu Tsai. Why can't they share their state-enabled wealth? Tsais want NY State to make the Barclays Center plaza permanent. NYS has leverage it's unwilling to use.
New valuation post-Lakers sale, etc. has Nets at #8 at $7.45B. Thats more than double what Tsais paid for it in 2019.
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Barclays Center tells neighbors: NY Liberty vs. Atlanta Dream Game 3 is tomorrow Oct. 9. Doors open 6PM, game 7:30-10:30PM There will be amplified sound on the plaza from 5 to 8PM.
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Given new state funds, would former developer Greenland still be the “largest subsidy provider" to Atlantic Yards? Was it ever? normanoder.substack.com/p/gi… Nope, it’s the public, no matter how you slice it. Still, it’s worth looking at new developer Cirrus’s claims.
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Glaring risk: Atlantic Yards sequencing plan would deliver bulk bonus first, but delay 61% of future "park" normanoder.substack.com/p/gl… Subsidy is front-loaded, enabling 71% of Phase 2 apartments. Is the second block, promising “signature” open space, an albatross or an asset?
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Tsai’s Alibaba sponsors Tsai’s Nets with patch, tech; couple touts teams in new book of interviews normanoder.substack.com/p/ts… Also, Barclays Center releases October 2026 event calendar; Liberty forge ahead; Islanders’ value booms
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At low-turnout Atlantic Yards hearing, state urged to broaden study area, increase affordability, consider alternatives, ensure open space normanoder.substack.com/p/at… No project supporters spoke, but only one elected official attended. Online format had some bumps.
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Norman Oder retweeted
New York and Erie County representatives devoted $850 million of taxpayer money to build a state-of-the-art football stadium for a man whose fortune has doubled in the past six years to nearly $12 BILLION. Simply indefensible public policy.
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From All-In-One, a local medical billing company, to Alibaba, an international ecommerce/cloud/AI behemoth Brooklyn Nets/ArenaCo main owner Joe Tsai got a better deal... from the company he chairs (All-In-One wasn't going to supply cloud technology)
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New state-assisted venue, UBS Arena, sure helps with valuation
Charles Wang bought the Islanders for about $160 million in 2000, and a decade later couldn't find anyone to pay that much. He eventually sold them for $485 million in 2014, and some said the Malkin/Ledecky team overpaid. Now here we are, with the Isles valued at $3 billion.
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New York Liberty vs. Minnesota Lynx Game 2 Round 1 playoff game is tomorrow at the Barclays Center. Doors 7 PM, game 8:30-11 PM. There will be amplified sound on the plaza from 6-9PM, per Brooklyn Sports & Entertainment.
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The new plan for Atlantic Yards will have more total affordable units than its predecessor, but the increased density permitted is mostly for new market rate. The percentage of affordable units will drop from 35 to 30%, @AYReport astutely points out. citylimits.org/in-atlantic-y…
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"While its virtual format can involve a broader geographic audience, it’s also likely to limit the potential alliances & debates that an in-person hearing would bring." Meeting tonight on the latest plans for Atlantic Yards. Catchup via @AYReport: citylimits.org/in-atlantic-y…
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Norman Oder retweeted
Since the goals for which #AtlanticYards was approved under SEQRA still apply, @EmpireStateDev must study the entire project in the Phase II environmental review. Does the new proposed affordability mix better serve public needs than the one cited in 2006 and 2014? Maybe not.
The virtual public hearing on the scope of environmental review for Phase 2 of #AtlanticYards is tonight 9/24 at 6PM. Register at us02web.zoom.us/meeting/regi… to let @EmpireStateDev know your concerns. Read ours at brooklynspeaks.net/phase-2-s….
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