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Devils, Newark Housing Authority abandon negotiations

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The Newark Housing Authority, which serves as the city’s agent in its dealings with the Devils and the Prudential Center arena, filed suit seeking to have a hotly contested agreement on the sharing of parking revenues be declared null and void.

At the same time, the Devils filed for immediate arbitration to resolve a litany of contract disputes that have tied up rent payments to the city for nearly three years.

The exchange left it clear that the once-close partners were done talking.

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newarkdev01    12

Interesting is that the agreement touched on the land acquisitions which I didn't realize were part of the lease.

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