Teletopez Posted December 12, 2009 Report Share Posted December 12, 2009 New Jersey sports and music fans could soon have to pay a surcharge to see Devils and Nets games and concerts. A complex deal is being brokered to end a landlord-tenant dispute as well as a price war between the arenas at the Meadowlands and in Newark, according to multiple people involved in the negotiations. The two arenas, the aging Izod Center at the Meadowlands and the Prudential Center in downtown Newark, have been undercutting each other to attract bands and other acts since the Prudential Center opened in 2007, state officials say. To end the fight, Jerold L. Zaro, Gov. Jon S. Corzine’s economics czar, has brokered a deal to move the Nets to the Prudential Center, cementing the privately run building as the dominant indoor sports venue in New Jersey. It would in turn cede many of its nonsports events — rock concerts and family shows like the Ice Capades — to the Izod Center, which would become an entertainment hub. To avoid undercutting each other, the arenas would form a 50-50 venture, called Jersey Presents, that would schedule events and share revenue from them.Full Article :yess: Quote Link to comment Share on other sites More sharing options...
The Truth Posted December 12, 2009 Report Share Posted December 12, 2009 (edited) Nothing's been decided yet. They will decide later this month whether or not they will be moving to Newark. Edited December 12, 2009 by HOV Quote Link to comment Share on other sites More sharing options...
Teletopez Posted December 12, 2009 Author Report Share Posted December 12, 2009 Nothing's been decided yet. They will decide later this month whether or not they will be moving to Newark.In all likelihood, the deal should go down once things are finished up with Brooklyn. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.