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July 19, 2007
High ticket prices for Brooklyn Nets
Field of Schemes compares Bruce Ratner's Nets planned average ticket price increase to another recent new sports-venue windfall:
Norman Oder of Atlantic Yards Report notes that New Jersey Nets financial documents project a 73% hike in weighted average ticket price once the team's new Brooklyn arena opens in 2010. (If it opens then - there are still lawsuits pending.) This would be one of the larger ticket price hikes for a team moving into a new stadium, though certainly not a record: The Detroit Tigers more than doubled average prices when they moved into Comerica Park in 2000.
Also of interest to those who follow sports-venue schemes:
...is word that Nets owner Bruce Ratner expects to sell 4500 "personal seat licenses" for the right to buy selected seats, which at $4500 a pop would raise $20 million.
Posted by lumi at July 19, 2007 7:52 AM