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Possible Truce Between New Jersey Arenas Could Come at a Cost to Fans


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#1 Rock

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Posted 10 December 2009 - 07:38 AM

Possible Truce Between New Jersey Arenas Could Come at a Cost to Fans

http://www.nytimes.c...l center&st=cse

To end the fight, Jerold L. Zaro, Gov. Jon S. Corzine’s economics czar, has brokered a deal to move the Nets to the Prudential Center, cementing the privately run building as the dominant indoor sports venue in New Jersey. It would in turn cede many of its nonsports events — rock concerts and family shows like the Ice Capades — to the Izod Center, which would become an entertainment hub.

To avoid undercutting each other, the arenas would form a 50-50 venture, called Jersey Presents, that would schedule events and share revenue from them.

A new ticket surcharge of $1 for sports and $3 for other events would go into a fund that would be split between the arenas’ owners using a complicated formula. The surcharge, which will look like a tax but is being called a user fee, may require legislation in Trenton.
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#2 Devil Dog

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Posted 10 December 2009 - 08:41 AM

Possible Truce Between New Jersey Arenas Could Come at a Cost to Fans

http://www.nytimes.c...l center&st=cse

To end the fight, Jerold L. Zaro, Gov. Jon S. Corzine’s economics czar, has brokered a deal to move the Nets to the Prudential Center, cementing the privately run building as the dominant indoor sports venue in New Jersey. It would in turn cede many of its nonsports events — rock concerts and family shows like the Ice Capades — to the Izod Center, which would become an entertainment hub.

To avoid undercutting each other, the arenas would form a 50-50 venture, called Jersey Presents, that would schedule events and share revenue from them.

A new ticket surcharge of $1 for sports and $3 for other events would go into a fund that would be split between the arenas’ owners using a complicated formula. The surcharge, which will look like a tax but is being called a user fee, may require legislation in Trenton.



The one item that does not seem to be addressed is what happens if/when the Nets do leave for Brooklyn? If a period of two years or more goes by with most of the non-sports acts going to Izod, does the Pru Center then have the ability to go after them again? One would assume that they would. Does the Izod Center stay open and we are back to square one in terms of the competition between the two arenas? Seems like the info coming out is limited to what happens over the next 24 to 35 months and nothing beyond that.
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#3 Prucenterrules

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Posted 10 December 2009 - 08:48 AM

I don't want an unsuccessful team to join us at the Rock.
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#4 MantaRay

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Posted 10 December 2009 - 09:10 AM

Its a nice compromise. If it helps the Devils and the state I am all for it. What sucks is that I would like to have seen the ROCK get some concerts or family shows as I will never see anything at the CAA, just because of the hassle to get there and the fact that it's in the middle of nowhere. MSG is far easier and has more pre/post event options.

I don't see Brooklyn ever happening in the next 5-10 years and the fact that the Nets are even investigating this pretty much confirms this in my mind.
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#5 Beezer34

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Posted 10 December 2009 - 09:27 AM

...it finally happened. Posted Image Posted Image

The Rock: Home to the ALL New Jersey teams. :cheers:
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#6 Jimmy Leeds

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Posted 10 December 2009 - 09:43 AM

Its a nice compromise. If it helps the Devils and the state I am all for it. What sucks is that I would like to have seen the ROCK get some concerts or family shows as I will never see anything at the CAA, just because of the hassle to get there and the fact that it's in the middle of nowhere. MSG is far easier and has more pre/post event options.

I don't see Brooklyn ever happening in the next 5-10 years and the fact that the Nets are even investigating this pretty much confirms this in my mind.

I agree 100%.

Brooklyn's not happening. This seems to be a win-win, except it would be nice to see a show at the Rock. They should just bulldoze Izod.
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#7 thiswontwork

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Posted 10 December 2009 - 10:00 AM

The guys I talk with at the Pru seem to indicate they aren't going to loose the events that have already been going to the Pru. Most of this arrangement is to avoid having promoters use one arena against another to bargain down the price. If you have to book through one company, there is no playing one off the other to lower the cost of using the facility. Long term the hope is the Izod is closed but the politicos have to figure how to make the bergen, passaic and hudson county exec happy with some sort of compromise.
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#8 devlman

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Posted 10 December 2009 - 10:07 AM

WHY are we compromising with the damn IZOD Center? let that thing rot a natural death. We'll get all the concerts the Pru can handle in due time. We dont need to broker a deal with the state of NJ so that we get a crappy NBA team that is all but definetly leaving the state in a couple of years, and so that the IZOD Center can still operate!
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#9 devlman

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Posted 10 December 2009 - 10:10 AM

The guys I talk with at the Pru seem to indicate they aren't going to loose the events that have already been going to the Pru. Most of this arrangement is to avoid having promoters use one arena against another to bargain down the price. If you have to book through one company, there is no playing one off the other to lower the cost of using the facility. Long term the hope is the Izod is closed but the politicos have to figure how to make the bergen, passaic and hudson county exec happy with some sort of compromise.



Hope youre right. Its sad that common sense goes out the window to satisfy some corrupt execs from Bergen County, who were anti-Newark and Devils from the start. Like I said, it wouldve been better off letting IZOD rot. THEN you'd see leverage taken away.

I don't want an unsuccessful team to join us at the Rock.



I'm not gonna lie, but this also factors in somewhat to my opinion :whistling:
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#10 iamtheprodigy

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Posted 10 December 2009 - 10:10 AM

Even though the Nets suck, it is cool to have both Jersey teams under the same roof. Hopefully the financial aspects of the move workout for the state and both teams.
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#11 MantaRay

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Posted 10 December 2009 - 10:30 AM

I agree 100%.

Brooklyn's not happening. This seems to be a win-win, except it would be nice to see a show at the Rock. They should just bulldoze Izod.


Agree 100%. Izod is a waste of real estate, send the entertainment to the PAC and have concerts during the summer at the Newark ball park

The guys I talk with at the Pru seem to indicate they aren't going to loose the events that have already been going to the Pru. Most of this arrangement is to avoid having promoters use one arena against another to bargain down the price. If you have to book through one company, there is no playing one off the other to lower the cost of using the facility. Long term the hope is the Izod is closed but the politicos have to figure how to make the bergen, passaic and hudson county exec happy with some sort of compromise.



I believe that LIVENATION gives the CAA exclusivity on concerts with all their artists.
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#12 El Diablo

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Posted 10 December 2009 - 10:49 AM

too lazy to care but when would the nets mpve over?
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#13 robdeselich88

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Posted 10 December 2009 - 11:00 AM

im up for it if they change they change there name. colors.
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#14 DevilNurn

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Posted 10 December 2009 - 01:49 PM

I just don't really get why these events have to move to Izod...I mean when it was Devils/Nets at CAA they still had concerts at CAA. Ugh.
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#15 maxpower

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Posted 10 December 2009 - 03:05 PM

the bonds are on sale, or are close to being on sale. Atlantic Yards is getting built barring the bonds not being bought.
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#16 eldon

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Posted 10 December 2009 - 04:00 PM

On another note, this same information was in a Star-Ledger article about a month ago.
Way to go NY Times, so timely.
Blow up Izod. Not one politician (except Gov. Whitman) cared when the Devils were there.
They counted the money coming in, yet said they lost money.
Why isn't Izod raking in the dough? They claimed they would once the Devils left.
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#17 insanity_gallops

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Posted 10 December 2009 - 04:05 PM

Too bad I'm so selfish as a Devils fan that my biggest reason for saying "stay out, Nets" is that I don't want to see any of the decorations inside The Rock get altered. I love the fact that it's Devils-themed pretty much everywhere. I'd hate to see what gets changed over if the Nets move in. Basketball jerseys hanging up on some of the walls instead of hockey jerseys? Painting over the "small-headed" hockey players? (actually, that might not be so bad). And adding Dr. J to the NJ mural would be pretty cool. But overall, I just worry about the Nets' marketing taking over.

Again, like I said, totally selfish of me. But dammit, that's how I'm looking at this.

If this is the long-term solution to ensuring the Devils stay in NJ, then I'm all for it... concessions and all. But if it's a short two-year fix, the Devils better hold strong on interior choices.
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#18 The Rock 07

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Posted 10 December 2009 - 04:23 PM

Too bad I'm so selfish as a Devils fan that my biggest reason for saying "stay out, Nets" is that I don't want to see any of the decorations inside The Rock get altered. I love the fact that it's Devils-themed pretty much everywhere. I'd hate to see what gets changed over if the Nets move in. Basketball jerseys hanging up on some of the walls instead of hockey jerseys? Painting over the "small-headed" hockey players? (actually, that might not be so bad). And adding Dr. J to the NJ mural would be pretty cool. But overall, I just worry about the Nets' marketing taking over.

Again, like I said, totally selfish of me. But dammit, that's how I'm looking at this.

If this is the long-term solution to ensuring the Devils stay in NJ, then I'm all for it... concessions and all. But if it's a short two-year fix, the Devils better hold strong on interior choices.

The new owner (Prokhorov, Vanderbeek or other) would clear house so that doesn't concern me.
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#19 LucifersDog

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Posted 10 December 2009 - 04:32 PM

Just make it happen!!!
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#20 DEV1LDR1VER

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Posted 10 December 2009 - 06:37 PM

To any politician saying this is a bail out to Prudential Center, I say extend the Net's lease at Izod until they want to move and keep things as they are.

I don't want the Nets in my teams arena so Izod can make money with concerts (since they can't make money with Nets and concerts).

Please Islanders, step up to ne the Nets co-tenant in Brooklyn. Keep them out of Pru after their stint.
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