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May 26, 2005

Nets arena questions and answers (and more questions)

Field of Schemes

Neil deMause attended today's hearings to learn more about the true costs to the public of Ratner's 17 high rises and basketball arena. "The list of unanswered questions about the Nets project keeps growing:"

  1. Who gets the Nets PILOTs?
  2. Should the Nets PILOT payments be considered a public subsidy?
  3. What will the Nets pay the MTA for the land?
  4. Are there any additional public costs to the project?

DeMause explains why these questions are so hard to answer.

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Posted by lumi at May 26, 2005 11:45 PM