« Mister Rogers' Neighborhood Gerrymandered To Serve King Friday's Make-Believe Agenda | Main | Want To Keep Your NBA Team? Better Fix Up That Arena »

September 20, 2006

It came from the Blogosphere...

The Real Estate Observer links yesterday's NY Times article about the NJ Nets lease extension in the Meadowlands from this brief:

The Nets (whose stars include 'Jefferson Thomas') have extended their lease at New Jersey's un-glamorous Continental Arena through 2013. They can bail out, though, as soon as Frank Gehry's Atlantic Yards glass arena is ready, which should be anytime now. (New York Times)

Left Behinds, Atlantic Yards simulations
Links to the Sim Center visual comparisons between Atlantic Yards and less overdevelopment-friendly alternatives.

Dealscape, If Brooklyn doesn't work out...

If the move to Brooklyn for the National Basketball Association franchise Nets doesn't work out, does the name the Queens Nets have a ring to it?
...
What's interesting to note, a summary of terms provided by the New Jersey Sports & Exposition Authority stated if the team were to move anywhere besides Brooklyn or Queens they would have to pay an escape fee. Did they say Queens?

Note: Forest City is one of the finalists bidding for the Willets Point project in Queens.

UPDATE: The DealScape link isn't working, so the entire text is published after the jump.

If the move to Brooklyn for the National Basketball Association franchise Nets doesn't work out, does the name the Queens Nets have a ring to it? The Nets made contingency plans Sept. 18 extending their lease at Continental Arena in New Jersey though the 2012-2013 season. For the Nets, the move is an insurance policy against the possibility of a delay in the finish of the planned 19,000-seat stadium in downtown Brooklyn. What's interesting to note, a summary of terms provided by the New Jersey Sports & Exposition Authority stated if the team were to move anywhere besides Brooklyn or Queens they would have to pay an escape fee. Did they say Queens? It's been widely reported Nets owner Bruce Ratner wanted to move the Nets to Brooklyn but Queens was never on the radar screen. The option would be a good second choice. Queens is accessible by the subway and has proven it has enough of a sporting fans base, financially buoying the Mets and U.S. Open for years. So, if Brooklyn doesn't work out, maybe Queens isn't such a bad idea ... — Gerald Magpily

Posted by lumi at September 20, 2006 6:28 AM