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  1. #1

    Deal for Nets' arena site reached

    NEW YORK -- The owner of the New Jersey Nets will get a 22-year delay on paying the full $100 million for the right to build a new arena in Brooklyn under a deal made public Monday.


    Developer Bruce Ratner, the Nets' principal owner, will pay the Metropolitan Transportation Authority $20 million up front and another $80 million in installments under the plan, which the full MTA board will vote on Wednesday. He had originally agreed to pay the MTA $100 million upon closing for development rights to rail yards it owns.

    http://sports.espn.go.com/nba/news/story?id=4279197

  2. #2
    Boooooooooooooooooooooooooooo! Prudential center ftw!

  3. #3
    22 year delay? Wow, that's a lengthy bit of time! But, it just means that NJ taxpayers will be paying for the next 22 years...lol

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