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Updated: Tuesday, 27 Sep 2011, 12:23 PM EDT
Published : Monday, 26 Sep 2011, 7:58 AM EDT
BY KATHY CARVAJAL
MYFOXNY.COM - When hip-hop mogul Jay Z has something to say, fans listen.
On Monday morning, the Brooklyn native announced that the NBA Nets would have a new name once they take the court at the Barclays Center in Brooklyn in approximately one year.
"We've decided that the final name would be the Brooklyn Nets," said the rapper who grew up only minutes away at the Marcy Houses and later at 560 State Street.
"I'm giddy right now."
The Center which has seen its share of controversy from local residents who opposed its development will host a wide range of events from NBA games to college basketball to major concerts.
"I'm going to open the building with a couple of concerts... maybe like eight," said Jay Z.
"This is something for everybody. This will have something in all price ranges. I think it's going to be the most beautiful arena in the world," added developer Bruce Rattner.
The rapper, music industry titan, husband of singer Beyonce and soon-to-be-dad, will now have plenty of reason to come back to his old borough. He told Good Day New York's Rosanna Scotto that he was proud of his involvement with Barclays.
"It's already created so many jobs... there are lots of vendors," added Jay Z speaking from the plaza at Atlantic Terminal overlooking the Center.
'When you're from Brooklyn there is a certain moxie you have... a certain confidence," said Rosanna Scotto.
"I like that. You know what it is, it's deep love. Biggie had a line 'spread love that's the Brooklyn way. It's a deep love we have for our heroes. We walk around with that," added Jay Z whose real name is Shawn Carter.
The 18,000-seat arena will have luxurity suites designed by Jay Z.
"We're about 50 percent sold," said Brooklyn Nets CEO Brett Yormark speaking with Good Day New York.
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