The Islanders are leaving Brooklyn. Does anyone care?
Businesses near Barclays reflect on the hockey team’s upcoming move
While the NHL’s resurgent New York Islanders are expected to move to a new arena in Belmont Park in 2021-22, there’s been little indication of what the move would mean for businesses and real estate near Barclays Center in Brooklyn, where the hockey team is still playing half of its home games.
The Islanders moved to Barclays in 2015; the upcoming move was announced soon after the $1 billion arena opened in 2012. Before Barclays’ opening in September of that year, the Brooklyn Eagle reported that “Local businesses are ready — already, the Modell’s Sporting Goods store across the street was almost totally filled with Brooklyn Nets hats, t-shirts and jerseys.”
In Brooklyn, the price of condos and co-ops in nearby Prospect Heights, Downtown Brooklyn, Fort Greene, Boerum Hill and Park Slope increased from $485,000 to more than $700,000 after Barclays was built, according to CityRealty, a real estate firm.