August 09, 2003
NJ gov offers arena help to Nets, Devils
Well, that didn't take long. One day after it was reported that the New Jersey Nets might be sold and moved to New York, New Jersey Governor James McGreevey offered to renovate the teams' current home, Continental Airlines Arena, if the team stays put. (Both the Nets and Devils had been looking to move to a new $355 million home in Newark, but that ain't happening.) A plan to spend $100 million on improvements to the Meadowlands arena, paid for by a mix of public and private sources, is to be developed this weekend by arena chief George Zoffinger, who you'll remember from his earlier statements about subsidizing billionaires.
(Today's Newark Star-Ledger report also states that "Bruce Ratner, a top New York developer, would move the Nets to a proposed arena in downtown Brooklyn atop the Long Island Rail Road terminal," which should puzzle fans of Euclidean geometry.
