Results tagged “atlanticstation”

Today the MTA board is expected to approve a deal to sell the naming rights to the sprawling subway terminal at Atlantic Avenue and Pacific Street in downtown Brooklyn to Barclays, the London-based bank that has also bought naming rights to the embattled Nets arena project, which might one day actually exist nearby. It's been five years since the MTA first welcomed proposals from corporations interested in buying station naming rights, and on Monday the authority quietly revealed that Barclays was the first taker, for $4 million, to be paid in yearly installments of $200,000 a year for 20 years, according to the Times.