Is that number credible? KPMG states:
In general, the utilization estimates prepared by FCRC appear reasonable assuming experienced and efficient arena management.
Reasonable? There's no mention that the developer's own analyst stated:
The Nets project that the arena will not host an NHL team and that it will host 226 events during the year (assuming the eventual closing of CAA, no new arena in Newark, no NHL and no minor league hockey events at the Atlantic Yards arena.)
And there is already a new arena under construction in Newark.