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April 6, 2011

Mayor Bloomberg scores four season tickets for New Jersey Nets before stadium is even finished

NY Daily News
by Adam Lisberg

Maybe it's us, but we're guessing they meant "Brooklyn Nets" in that headline.

Mayor Bloomberg is bullish on Brooklyn basketball - snapping up four season tickets at the new Nets arena when it opens next year.

"The Nets are going to provide some great entertainment," he said. "It's going to be exciting basketball."

The steel skeleton of the arena, rising above Atlantic and Flatbush Aves., is 30% finished.

"We are thrilled that the mayor has decided to become a season-ticket holder," said Nets CEO Brett Yormark. "The mayor is one of the most astute investors in the city, and we are pleased that he sees the Nets in Brooklyn as a great investment."

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NoLandGrab: The astute Mayor must indeed be viewing those tickets as an investment, because we surely don't expect to see him court-side beyond opening night. Of course, when your net worth is reportedly more than $20 billion, it's no big deal to piss away $176,000 (assuming a $1,000-per-ticket face value) on something as awful as Nets basketball. The equivalent purchase for someone with just a million dollars to his name would run less than nine bucks.

Posted by eric at April 6, 2011 9:58 PM