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July 18, 2007
High ticket prices for Brooklyn Nets
Norman Oder of Atlantic Yards Report notes that New Jersey Nets financial documents project a 73% hike in weighted average ticket price once the team's new Brooklyn arena opens in 2010. (If it opens then - there are still lawsuits pending.) This would be one of the larger ticket price hikes for a team moving into a new stadium, though certainly not a record: The Detroit Tigers more than doubled average prices when they moved into Comerica Park in 2000.
A large chunk of the price increase, as Oder points out, is likely due to high-priced luxury seating pulling up the average; still, "we can't be sure of the figure until the team publishes a price list." Also in the newly released documents - released only because two state legislators filed a lawsuit - is word that Nets owner Bruce Ratner expects to sell 4500 "personal seat licenses" for the right to buy selected seats, which at $4500 a pop would raise $20 million.
Enough with these lawsuits the nets will be in brooklyn in 2010. They don't draw well in jersey .They will draw very well in brooklyn
Posted by dan on July 19, 2007 01:17 AM