Newark: If Devils won’t pay rent, tax ‘em
The New Jersey Nets may or may not relocate temporarily to Newark on their way to Brooklyn, but apparently there could still be an increased ticket tax at that city’s Prudential Center. The Newark city...
View ArticleCould Newark sell arena to recoup costs?
Newark city officials are debating selling the Prudential Center, home of the Devils (and, for the next two seasons, the Nets), to help close the city’s budget gap. Two city councillors say a sale...
View ArticleNewark’s Prudential Center: How much “spurt”?
The Wall Street Journal ran an article last week on the “spurt of activity” in downtown Newark near the New Jersey Devils‘ Prudential Center, including two new hotels and several restaurants. This...
View ArticleDevils, Newark agree to new lease that shuffles money around like crazy
It’s been a while since we dropped in on the New Jersey Devils and their refusal to pay rent on their taxpayer-built arena because they said it wasn’t finished on time. But now we can rejoice, for an...
View ArticleBettman says report of imminent NHL takeover over Devils is “not accurate”
One league-owned NHL team leaves, another enters? No sooner had the league finally divested itself of the Phoenix Coyotes than it looks like it’s going to have to take over running another...
View Article76ers owner to buy Devils for reported $320m, now faces arena glut challenge
The New Jersey Devils are not, in turns out, being taken over by the NHL. Rather, they’re being sold by broke former Lehman Brothers exec Jeff Vanderbeek to not-yet-broke former Drexel Burnham Lambert...
View ArticleNJ getting $2m from Devils to close Meadowlands arena, Devils getting...
As it turns out, the operators of Newark’s Prudential Center are indeed paying to have the Izod Center in the New Jersey Meadowlands close for two years: The owners of the New Jersey Devils will pay...
View Article
