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Seven years ago, Jay-Z promised that he would help bring the New Jersey Nets basketball team back to NY and late last week, he finally got around to start making good on that promise. Jay was joined by his wife Beyoncé and a few dignitaries at a ground-breaking ceremony in Brooklyn, NY on the site of the future home of the New Jersey Nets. Here are a few photos and some deets from the event:

It’s been seven years since Jay-Z announced he was bringing the New Jersey Nets back home to New York during his 2003 “Fade To Black Concert” at Madison Square Garden. On Thursday (March 11), Nets co-owner Hov, an assortment of New York politicians and executives from the Nets came to Brooklyn for a groundbreaking ceremony at the site of the team’s future home, the Barclays Center. The Brooklyn Steppers Marching Band led the way into the press conference, which took place at Brooklyn’s Atlantic Yards. Jay walked in with Beyoncé, standing out in a crowd that included the Reverend Al Sharpton, New York Governor David Paterson and New York City Mayor Michael Bloomberg … During the conference, Brooklyn Borough President Marty Markowitz also hinted he wanted Jay-Z to convince LeBron James to play for the Nets when he goes into free agency this summer. The Jiggaman innocently shook his head no as if he didn’t know what he was talking about and put his hands up. Sharpton said he came to the press conference for one reason only: “Jay-Z promised me if I came I would have the opportunity to sit next to Beyoncé,” he joked. “And you see where they are sitting me,” he continued, noting that B was sitting in the crowd, not with the people such as himself who were speaking. Sharpton, also a Brooklyn native, noted that the first black major league baseball player, Jackie Robinson, took the field in Brooklyn, and now the borough’s team has a black co-owner. “We’ve gone from Jackie to Jay-Z,” Sharpton said. “Where we cannot only play the game but own the game.” Finally, Hov himself came to the podium. “What I stand here and represent is hope for Brooklyn, New York City. I’m a son of Brooklyn, I’m from Marcy projects.” Jay said. “I think about growing up in Brooklyn in the Marcy projects and shooting jump shots, thinking I can make it to the NBA. Now I stand here as an owner of team that’s coming back to Brooklyn. The pride in that, and bringing that dream so much closer for people, brings me so much pride I get a little nervous about it. But I’m very happy, very excited about this day. And we did it again Brooklyn — shout out to [Notorious] B.I.G.” After the conference, Jay-Z and company officially broke ground, breaking out the hard hats and lightly shoveling dirt. The confetti rained down. “It was a long process,” Jay said after the ceremony, with his “Empire State of Mind” playing in the background. “It’s a sensitive one. I’m from the people. I’m for the people. I could never be opposed to the side of the people. But this project, when you look at the numbers at the end of the day, was so overwhelmingly in favor of the people: the job creation, the housing that’s being built. It was difficult; you had to tread through that process lightly. But we’re here, it’s a fantastic day and it’s a celebration. It’s a beautiful day in Brooklyn and the hope that’s represented — on a small scale — is the same I felt when I saw Obama run for president: That we can be a part of something so grand.”

First Beyoncé puts her name on a cosmetology school to help troubled youth turn their lives around and now Jay-Z is lending a hand to get the NJ Nets back to NY. It really looks as if B-Jay are becoming quite the entrepreneurial philanthropists. I wonder where else these two will pop up … and under what circumstances. Are B-Jay out to take on Brangelina as the saviors of the world? Stay tuned!

[Photo credit: Wireimage; Source]