Thursday, December 03, 2009

Nah, the Nets won't play in Brooklyn in the 2011-12 season

I wrote earlier today that the arena might open in April 2012, giving the Nets just a few games in Brooklyn.

Nah.

A market study attached to the Barclays Center Arena Preliminary Official Statement (prepared by Goldman Sachs) states, "It is assumed that the arena will open in May of 2012. As such, the year ending June 30, 2012 only reflects two months of operations."

And there is no sum under the column "Guaranteed Rental Payments (Nets' Ticket Sales)" for the 2012 fiscal year. (See p. 553 of the PDF.)

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