SBD/21/Franchises

NETS EYE LOCAL TRANSIT TO BUILD FAN BASE IN NEW JERSEY

          Nets President Michael Rowe yesterday "intimated that
     his team might soon be doing business again" in Newark, NJ,
     according to Vincent Mallozzi of the N.Y. TIMES.  Rowe:
     "Transportation to the Meadowlands Arena is tough, and the
     arena itself has some hospitality and luxury seating
     problems.  It was state of the art when it was built, but
     it's not now."  Nets execs are contemplating a relocation
     from the Meadowlands Sports Complex to a proposed site in
     Newark.  Rowe: "Mass transit is critical, we believe, to our
     future growth.  The Meadowlands does not have mass transit
     capabilities at this particular point.  The frequency of bus
     trips to the complex is not great, and the rail is not
     great.  Our existing ownership and our prospective ownership
     believe that any new arena has to have mass transit as a
     vital link to it" (N.Y. TIMES, 8/21).  Rowe: "We would like
     a new arena and we'd like the Devils to be there with us,
     but we're not 100 percent sure that a Meadowlands arena is
     the best site" (Don Burke, Newark STAR-LEDGER, 8/21).
          LOCKOUT, WHAT LOCKOUT? Rowe added that season-ticket
     sales "have almost doubled," from $7M at this point last
     summer to $13M this year (Newark STAR-LEDGER, 8/21).


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