Barclays Center Owners Say City Grossly Overvalued Arena

Barclays Center Owners Say City Overvalued Arena By $600 Million
Spectators head towards Barclays Center for a preseason NBA basketball game between the Brooklyn Nets and the Washington Wizards, Monday, Oct. 15, 2012, in New York. (AP Photo/John Minchillo)
Spectators head towards Barclays Center for a preseason NBA basketball game between the Brooklyn Nets and the Washington Wizards, Monday, Oct. 15, 2012, in New York. (AP Photo/John Minchillo)

PROSPECT HEIGHTS — The owner of the Barclays Center has a low opinion of its high appraisal.

Developer Forest City Ratner says its taxpayer-subsidized arena is grossly overvalued — by more than $600 million.

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