Field of Schemes
sports stadium news and analysis

  

April 28, 2003

Steinbrenner seeks more Jersey bucks

George Steinbrenner's YankeeNets empire has made a new offer to Newark, New Jersey, in an effort to break the stalemate over a proposed $355 million new arena to serve the New Jersey Nets and Devils: instead of the teams paying for a third of the construction costs, suggested YankeeNets negotiators to Newark officials, how about you front the money, and we pay you back? Newark city business administrator Richard Monteilh: "We don't want to do that." Far be it for us to intrude, but we think someone's missing the point here.

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