« Marked Maverick | Main | Transit-oriented development, the lagging MTA, and the AY example »

November 3, 2006

Newark Mayor Wants the Nets

Gowanus Lounge makes an interesting point about the financial viability of the new Devils arena in Newark:

Newark's arena is likely to be the financial turkey to beat all turkeys with only a hockey team as its tenant. So, the only thing to keep Newark from drowning in a sea of red ink and having to bail out its $365 million arena is a basketball team.

article

NoLandGrab: Could the same be said for an arena that only houses a basketball team?

Posted by lumi at November 3, 2006 6:49 AM