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April 20, 2011
Unlike Nets, Panasonic chooses Newark over Brooklyn
The Brooklyn Blog [NYPost.com]
by Rich Calder
The Nets might be choosing Brooklyn over Newark, but Panasonic plans to do the opposite.
As the Nets prepare for a 2012 move from Newark's Prudential Center to the new Barclays Center under construction on Atlantic and Flatbush avenues, Brooklyn Borough President Marty Markowitz and other officials have fallen short in a big push to lure the electronics giant and its 950 jobs to the borough.
Related coverage...
The Wall Street Journal, Newark Lands Panasonic With Subsidies
Critics of the deal say New Jersey got played.
"I'm just baffled that they would give them that much money to stay, not only within the tri-state region but within their own state," said Bettina Damiani, a project director for Good Jobs New York, which is skeptical of tax incentives for companies. "Just to move up the Turnpike?"
NoLandGrab: Technically, it's down the Turnpike, but Damiani's point is no less valid.
Posted by eric at April 20, 2011 10:35 AM