Surprised this hasn't been mentioned. Very good news for the franchise.
Here are the bullet points:
• Newark will build a parking deck next to the municipal courthouse on Green Street and the Devils will rent a significant number of spaces, guaranteeing income for the city.
• Newark will pay the Devils $2.7 million a year in parking revenue for other lots surrounding the arena, as mandated by arbitrators last year.
• The city will impose a 1.37 percent tax on all tickets to Devils, New York Liberty and Seton Hall University games.
• For other events, like concerts and conventions, the city and the Devils will share a $1.25 facility fee per ticket that will increase after five years.
The bad news is that 1.37% tax as that will only increase ticket prices.
Edited by ghdi, 13 June 2013 - 07:44 PM.