The newspaper reports:
Yormark would not discuss the financial drawbacks that submarined the discussions with [New Jersey Devils owner Jeff] Vanderbeek, but several Nets officials -- who cannot be identified, as they aren't authorized to speak for the team -- claim that a preseason game at The Rock wouldn't generate the same revenue they derive from one at Izod Center.
The article concludes:
Delayed repeatedly by legal challenges and financing issues, the construction of the $1 billion Barclays Center is scheduled to start sometime this year, Yormark has said, but no groundbreaking date has been set.
Since the average construction of an arena takes 30 months -- according to the estimate of Nets owner Bruce Ratner -- it will be difficult to open the 2011-12 season in Brooklyn if work doesn't begin by this May.
Yormark has said it would take 24 months. Ratner said last June that "it will be about two and a half years to build our arena." I think the construction schedule indicates 32 months.
Whatever arena proponents say, work beginning by May is highly unlikely--it implies not only clearing of lawsuits but no delays in exercising eminent domain. Thus 2012 is a more likely best-case scenario.