Steve and Jen bring you this daily review of the news
Premium Advertiser

News Blog Sponsors

News Links

BBC World Service
The Guardian
Washington Post
Iraq Order of Battle
NY Times
LA Times
ABC News

Blogs We Like

Daily Kos
Digby's Blog
Operation Yellow Elephant
Iraq Casualty Count
Media Matters
Talking Points
Defense Tech
Intel Dump
Soldiers for the Truth
Margaret Cho
Juan Cole
Just a Bump in the Beltway
Baghdad Burning
Howard Stern
Michael Moore
James Wolcott
Cooking for Engineers
There is No Crisis
Whiskey Bar
Rude Pundit
Crooks and Liars
Amazin' Avenue
DC Media Girl
The Server Logs

Blogger Credits

Powered by Blogger

Archives by
Publication Date
August 2003
September 2003
October 2003
November 2003
December 2003
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
February 2007
Comments Credits
Comments by YACCS
Saturday, February 11, 2006

Not so fast


Nets might stay in N.J. until 2010
Friday, February 10, 2006
Star-Ledger Staff

With delays mounting for their proposed arena in Brooklyn, the Nets and the New Jersey Sports and Exposition Authority are now in serious negotiations to keep the team at Continental Airlines Arena through the end of the decade.

Officials involved with negotiations for a new lease for the Nets said the agreement would last at least through the 2010 season with options to continue playing at the arena as long as the Nets need to be there. If the parties reach an agreement on a new lease it would replace the current lease, which is set to expire in 2008.

When Bruce Ratner purchased the Nets in 2004, he had hoped to move the team into a new arena in downtown Brooklyn just months after the current lease at Continental Airlines Arena expired.

However, the Brooklyn arena remains a controversial project whose costs grow with each delay. That arena, which at a cost of nearly $600 million would be the most expensive ever built, is now the subject of a lawsuit filed by a community group that opposes it. In addition, the arena and Ratner's planned development of roughly 5,000 apartments surrounding the building have become bogged down in New York's complicated land use approval process.


Zoffinger's attempt to keep the Nets for several more years sets up a potential battle between Continental Airlines Arena and the new Devils arena in Newark. The Devils arena is under construction and scheduled to open in October 2007.

Devils executives had calculated that shortly after their building opened, the Nets would move to Brooklyn, and the state would have little reason to subsidize operations at an arena in the Meadowlands with no major professional sports teams.

The state would then opt to close Continental Airlines Arena, and the Devils arena in Newark would become the home of New Jersey's top concerts and family shows. However, the longer the Nets remain at Continental Airlines Arena, the more time the Devils arena must spend competing with it for the concerts and family shows.

The Nets should have moved in with the Devils and left Brooklyn alone. Those lawsuits will take years to play out and Spitzer will be far less likely to cough up money for this.

posted by Steve @ 12:59:00 AM

12:59:00 AM

The News Blog home page


Editorial Staff

Add to My AOL

Support The News Blog

Amazon Honor System Click Here to Pay Learn More
News Blog Food Blog
Visit the News Blog Food Blog
The News Blog Shops
Operation Yellow Elephant
Enlist, Young Republicans