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Friday
October 17, 2008
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Facilities & Venues

NJSEA Seeks To Keep Nets In New Jersey With Potential Izod Stake

NJSEA Interested In Offering Nets Stake In 
Izod Center To Stay In New Jersey Long Term
NJSEA Chair Carl Goldberg Thursday said that he is "interested in offering the Nets a chance to take a stake in Izod Center to keep the Nets there long term," according to Shearn & D'Alessandro of the Newark STAR-LEDGER. Such a move "would include renovations" to the arena, which already has lost the Devils to the Prudential Center. Goldberg: "I do think the Nets will stay in New Jersey." Goldberg said construction of the team's $950M Barclays Center in Brooklyn is "unlikely at best." But he added that there "have been no discussions about any proposal with anyone" at the Nets, and Nets President & CEO Brett Yormark said that the team "isn't interested in any proposal to keep the team in New Jersey." Yormark: "I obviously respect Carl, but my only reaction is that we're unequivocally moving to Brooklyn." Yormark: "The sponsors are behind us, we continue to sell inventory at Barclays Center, and the understanding throughout the marketplace that the project will go through has not changed" (Newark STAR-LEDGER, 10/17).

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