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December 31, 2009
Yormark moves the goalposts, asserts Brooklyn "sometime in calendar year 2012," claims construction has commenced
Atlantic Yards Report
On 11/24/09, after the decision in the Atlantic Yards eminent domain case, Forest City Ratner and the Nets said "the intent that the Nets will play ball in the Barclays Center in the 2011-2012 NBA Season."
Yesterday, Nets CEO Brett Yormark offered some clarification, telling the YES network, "We will be getting into the Barclays Center sometime in calendar year 2012."
That means the 2012-13 season, I'd bet. Remember, a market study attached to the Barclays Center Arena Preliminary Official Statement (prepared by Goldman Sachs) states, "It is assumed that the arena will open in May of 2012. As such, the year ending June 30, 2012 only reflects two months of operations." And there's no revenue for 2011-12 ticket sales.
Here's Yormark on video:
YESNetwork.com, Nets CEO Brett Yormark on the move to Brookyn
Posted by eric at December 31, 2009 10:06 AM