Luxury-box owners suing Barclay’s Center

Written By Unknown on Minggu, 05 Oktober 2014 | 18.18

A group of Barclays Center luxury-box owners is suing the Brooklyn arena for the second time in less than a year, claiming they were promised a great investment — but that its value deflated faster than a punctured basketball.

Ludwig's Drug Store in Prospect Heights purchased rights to the box last October for nearly $1 million for three years and at the time was told by arena officials it could rake in $600,000 a year, according to a suit filed last week in Manhattan Supreme Court.

In reality, the group only took in $104,417 last year, according to court papers.

Barclays Center spokesman Barry Baum said, "We take great exception to the assertion that Ludwig's would have licensed a suite for the purpose of reselling suite tickets . . . when this . . . is completely contrary to the terms of the suite license."

Three of the plaintiffs are already suing Barclays over alleged racial discrimination.

Neither Ludwig's nor its lawyer returned a request for comment.


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