Nets To Stay in Jersey
Vince Carter.
It looks like Bruce Ratner's New Jersey Nets are not coming to Brooklyn too soon. They're close to signing an agreement with the Continental Airlines Arena to stay through 2010.
Quotage is from Matthew Futterman's piece in today's Star-Ledger:
With delays mounting for their proposed arena in Brooklyn, the Nets and the New Jersey Sports and Exposition Authority are now in serious negotiations to keep the team at Continental Airlines Arena through the end of the decade. Officials involved with negotiations for a new lease for the Nets said the agreement would last at least through the 2010 season with options to continue playing at the arena as long as the Nets need to be there. If the parties reach an agreement on a new lease it would replace the current lease, which is set to expire in 2008.- Tom McGeveran
I hate to say it because the Brooklyn Nets would be great for NY, but the naysayers, NIMBY-ites and anti-everythings are losing the battle but winning the war. By delaying Ratner's project, they make it much more expensive (steel, oil, construction costs all go up) and make the deal even more difficult -- not to mention his absurd (from a business sense) deal with ACORN and Bertha Lewis -- if not unlikely.
Please see previous commentary.
http://therealestate.observer.com/2006/02/her-day-in-court.html