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October 18, 2008

N.J. Sports Authority moves to keep Nets in state

AP via Press of Atlantic City

New Jersey's Sports and Exposition Authority is trying to get the NBA's Nets to stay in New Jersey.

Carl Goldberg says team owner Bruce Ratner's plan to build a new arena in Brooklyn is unlikely at best.

Goldberg says he'd like to offer the Nets a stake in the Izod Center in East Rutherford to keep it there long-term. The deal would include renovations to the arena in the Meadowlands.

The suggestion comes days after Ratner said the new Brooklyn arena would not be ready until at least 2011 - a year later than planned.

Nets chief executive Brett Yormark tells The Star-Ledger of Newark the team isn't interested in staying in New Jersey.

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Posted by amy at October 18, 2008 9:25 AM