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March 28, 2010

Nets Arena Begins Construction -- Oops, No It Doesn't

If people are confused as to whether construction of a Nets arena has begun, it could be due to confusing media coverage.

Sun Sentinel, It cannot be easy being Yormarks
By Sarah Talalay

This first article, a quick look at the Yormark brothers, includes the trouble Nets CEO Brett Yormark has had in promoting perhaps the worst NBA team ever. The article seems to confuse a ground breaking with actual construction.

Brett has weathered the very public change in architects for the Nets’ planned Brooklyn arena from the world-renowned Frank Gehry to Ellerbe Beckett; difficult discussions to move the Nets on an interim basis to the Prudential Center in Newark from the Meadowlands; and continued delays on the Brooklyn project. Construction of the new arena did finally begin earlier this month.

The Star-Ledger, Nets president Rod Thorn still unsure whether he has a future with team
By Dave D'Alessandro

Dave D'Alessandro knows that arena construction has not begun and lets his readers know why.

The transfer of ownership is being held up by two things, as Thorn sees it: The Board of Governors won’t give its official approval until April 16th; and there is still a “vacant possession” issue, which means the transaction cannot be completed until the Atlantic Yards project footprint is completely vacated by area tenants, which cannot happen before April 3, according to one report.

“The land needs to be vacant,” Thorn said. “They said it is, but it isn’t.”

Posted by steve at March 28, 2010 8:09 AM