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October 22, 2009

NJ Sports and Exposition Authority Must Not Release Nets from Lease

$8 Million Penalty for Breaking Long-Term Lease Should Stand

Press Release
NJ State Senator Gerald Cardinale (R-39)

Bruce Ratner isn't the only one afraid of the Nets playing in Newark.

“It would be disturbing if Governor Corzine considers allowing the Nets to move from the Meadowlands to Newark without fulfilling its contractual obligation to the Izod Center. The Nets signed the contract with the Izod Center and should be held to the terms of that contract.
...

“The state must stop playing these two world class arenas against each other and forge an agreement that would ensure that both venues are profitable. Additionally, with the Nets project at Atlantic Yards seemingly tied up by endless eminent domain lawsuits, perhaps the New Jersey Nets should consider adding New Jersey back to their road uniforms.”

link

Posted by eric at October 22, 2009 4:23 PM