Developer Forest City Ratner says its taxpayer-subsidized arena is grossly overvalued by the tax man, reports the DNAinfo blog. The firm went to Brooklyn Supreme Court last month to battle the city’s appraisal of the Nets’ home.

The Department of Finance placed the arena’s value at about $741 million – but Ratner says Barclays Center is really worth a “measly” $111 million, DNA info reports.

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