Friday, October 17, 2008

Offer to keep Nets at Izod Center seems like regional posturing

A Newark Star-Ledger article yesterday, headlined Sports Authority wants to keep Nets in New Jersey long term, was a little perplexing. Does New Jersey Sports and Exposition Authority chairman Carl Goldberg, who called the planned Brooklyn arena "unlikely at best," think the Nets ownership would take a stake in the Izod Center and commit to the Meadowlands?

Extremely doubtful. Rather, the key to the article comes near the end:
Any discussions between Ratner and the Sports Authority, as Goldberg envisions, would surely ratchet up tension and competition that already exists between Bergen County and Essex County interests. The year-old Prudential Center in Newark, where the Devils play, finds itself in stiff competition with Izod for entertainment bookings.


The Nets, if they stay in New Jersey, would be far more likely to move to Newark, but there's no recent confirmation that such discussions are ongoing.

Yormark adjusts

Still, it's worth noting how easily Nets CEO Brett Yormark adjusts the timetable:
"The present litigation will be resolved, we expect a favorable ruling sometime in the spring, and then we'll break ground," Yormark said.

Just 13 months ago, in mid-September of 2007, Yormark was predicting a groundbreaking in October or November of that year.

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