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Facilities Venues

A DEVIL OF A PROPOSAL THAT JUST MIGHT LAND JETS?

          Cablevision Chair Charles Dolan and Devils Owner John
     McMullen have joined in a plan to build a $216M arena for
     the Devils in Hoboken, according to Buteau & Eichelberger of
     BLOOMBERG NEWS.  The two entities will split the cost of the
     proposed arena (BLOOMBERG, 5/21). In N.Y., Luke Cyphers
     reports that Dolan and McMullen also agreed to extend the
     Devils' cable-TV contract with Fox Sports Net N.Y. (N.Y.
     DAILY NEWS, 5/21).  In NJ, Doug Most reports that the
     Hoboken plan is "fueling talk that the two moguls may be
     teaming up" to buy the Jets, and if that happens, there is
     speculation they would move the team out of the Meadowlands. 
     Devils GM Lou Lamoriello: "This is all a prelude to having
     to get the endorsement or blessings of the state.  Now the
     joint venture, a 50-50 proposition, is there and is finished
     so there are no questions [about financing] should this
     project go forward."  More Lamoriello, on the Jets: "I have
     no knowledge of that, but it was public knowledge that the
     Dolan family and Dr. McMullen were interested in the
     Redskins" (Bergen RECORD, 5/21).  In N.Y., Richard Sandomir
     reports that the Leon Hess family's anticipated hiring of
     the investment firm Goldman Sachs to identify a buyer
     "clarifies a belief that Hess did not want to pass the team
     to his family as a legacy."  An announcement from the Jets
     about the expected sale could come today (N.Y. TIMES, 5/21). 
     

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