thelastonealive Posted May 15, 2010 Share Posted May 15, 2010 http://www.nj.com/news/index.ssf/2010/05/prudential_center_nj_devils_wo.html The Newark Housing Authority has sent a "notice of dispute" to the Devils over back rent on the Prudential Center arena, starting the clock toward arbitration.The Devils have not made a payment to the housing authority since the arena opened in October 2007, arguing several construction deadlines were missed leading to costly delays for the organization. According to the lease, the amount of back rent owed is at least $4 million. The team also has argued additional work to the area surrounding the arena was not complete on the timetable promised to the Devils. Quote Link to comment Share on other sites More sharing options...
newarkdev01 Posted June 3, 2010 Share Posted June 3, 2010 http://www.nj.com/news/index.ssf/2010/05/prudential_center_nj_devils_wo.html The record has been following this one rather closely and I think they will work out a settlement rather than risk binding arbitration. Good part is that it takes the negative press away if the deal gets done and they follow it. Quote Link to comment Share on other sites More sharing options...
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