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October 3, 2008
Nets stuck with Jersey address?
The Jersey Journal, Editorial
Remember when the New Jersey Nets of the NBA was expected to move out of the Meadowlands Sports Complex to a Frank Gehry-designed arena in Brooklyn?
It is quite possible the Nets will be staying with us a bit longer. The Wall Street crisis and legal problems are close to making a worst case scenario a reality for team owner Bruce Ratner.
...
Having already spent millions, Ratner will not give up his Brooklyn dream. Considering the expensive uphill climb he faces, the Nets owner would be wise to make a deal with the New Jersey Devils for the Nets to play in the new Prudential Center arena in Newark with the idea of keeping the franchise in New Jersey another decade, or longer. Any financing Ratner eventually obtains could go into that part of an already scaled-down version of Atlantic Yards that he cares about - skyscrapers and apartments.
Posted by lumi at October 3, 2008 8:01 AM