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December 20, 2006
Some 225 arena events? KPMG ignores developer's own analyst
Atlantic Yards Report
Nothing generates web copy like a secret, unreleased document in the hands of AYR's Norman Oder.
KPMG's analysis for the Empire State Development Corporation terms Forest City Ratner's estimation of roughly 225 annual arena events "reasonable," notwithstanding the fact that the New York metropolitan area's arena population could soon be growing by 50%:
Reasonable? There's no mention that the developer's own analyst stated:
The Nets project that the arena will not host an NHL team and that it will host 226 events during the year (assuming the eventual closing of CAA, no new arena in Newark, no NHL and no minor league hockey events at the Atlantic Yards arena.)And there is already a new arena under construction in Newark.
NoLandGrab: Could FCRC be counting on an uptick in Unification Church Blessing Ceremonies?
Posted by lumi at December 20, 2006 3:55 PM