September 18, 2003
Desperately seeking Newark
With the breakup of the YankeeNets conglomerate imminent, partner Raymond Chambers is again talking of building an arena in Newark - this time for only the New Jersey Devils. Chambers says a new site on city-owned land could reduce the price of the long-planned arena, though it's unclear how losing 41 nights of Nets basketball a year would affect the building's finances. The Newark arena plan fell apart earlier this year after YankeeNets balked at paying its one-third share of construction costs.
In other Nets news, the New York Post is reporting that YankeeNets principal George Steinbrenner is opposed to selling the team to a group that would move it to Brooklyn, fearing that city subsidies for a new arena there would make it more difficult for him to get money for a new stadium for the Yankees. No word yet on whether The Boss plans to weigh in on the New York Times building fiasco.
