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May 6, 2009

NBA's Stern asserts groundbreaking this summer, but he didn't check with the ESDC

Atlantic Yards Report

Norman Oder speculates about The Commish's sources.

From the Newark Star-Ledger:
[NBA Commissioner David] Stern was confident the Nets' Brooklyn relocation project, the future of which has been in doubt, would break ground this summer. "Yes, they will, I'm told," he said. "I'm sure."

Well, he's probably been listening to Nets CEO Brett Yormark, whose track record is not so good.

Empire State Development Corporation CEO recently said that the project would generate "a substantial number of construction jobs - commencing in 2010," which I interpret as an acknowledgment that groundbreaking--at least other than purely symbolic--wouldn't happen until next year in the best-case scenario.

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Posted by eric at May 6, 2009 10:56 PM