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June 23, 2006
MSG Nets?
NewYorkGames.org
Brian Hatch makes some astute observations about Forest City Enterprises' first quarterly report for 2006, in which the Net's losses were reported to be $8.701 million.
Another multi-million dollar loss ($8 million is just FCE's share), and moving into a controversial arena at a traffic clogged intersection isn't likely to help much. Moreover, being in the NBA adds another challenge.
While the NFL, MLB and NHL have had multiple teams succeed in a single metro area, the NBA hasn't done as well. Other than NY, LA is the only other market with two NBA teams, and the Clippers struggled until moving in with the Lakers.
As with all new arenas, an "Atlantic Yards" team is likely to do very well the first few years. After that, it'll be a real struggle. Another reason to look for a place without the controversy and terrible road access.
Posted by lumi at June 23, 2006 6:53 AM