While Izod lost money last year, financial figures released by the state Sports and Exposition Authority do not show heavy losses. The arena last year generated $12.2 million in event revenue and another $6.7 million in income from advertising, suite revenue and property lease payments.
It has 131 events scheduled this year, up from 109 last year, despite the 2014 Super Bowl at MetLife Stadium, which shut down the Meadowlands complex for about a month leading into the February game. Still, after administration and event expenses, Izod reported a $45,800 loss.
This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9B project to build the Barclays Center arena and 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland Group bought a 70% stake going forward. As of 2018, after the arena and four towers were built, Greenland will own 95% of future construction.