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May 30, 2012
NBA Official Calls Ratner & Prokhorov's Arena "Essentially a Community Center." Uh...No.
Develop Don't Destroy Brooklyn
A NY Post article about the NBA praying the Nets win the NBA draft lottery on Wednesday night, in hopes of generating more revenue for the league by turning the fortunes of the forlorn franchise, included this quote:
"For financial reasons, [Brooklyn's] hugely important," [deputy NBA commissioner Adam ] Silver said. "In fact, the team is projected to become a revenue sharing payer, instead of a recipient, which makes a big difference. Enormous credit goes to Bruce Ratner and Mikhail Prokhorov, who are investing roughly a billion dollars in this new, state-of-the-art arena in Brooklyn, which not only will be a fantastic venue for the NBA but will essentially be a community center, as well."
Actually, no, it isn't a essentially a community center, it's essentially a boondoggle and a community headache.
Posted by eric at May 30, 2012 11:35 AM