Page 193 of 237 FirstFirst ... 93143183189190191192193194195196197203 ... LastLast
Results 2,881 to 2,895 of 3544

Thread: Atlantic Yards Development - Commercial, Residential, Retail, NBA Arena

  1. #2881
    Disgruntled Optimist lofter1's Avatar
    Join Date
    Jun 2005
    Location
    NYC - Downtown
    Posts
    31,521

    Default

    Well, BK has at least six McSams.

    Can Newark match that?

  2. #2882

    Default

    Quote Originally Posted by STT757 View Post
    it is the largest City in the State with the second highest household income per capita in the Nation.
    Camden is in NJ as well, does that mean diddly squat? Nope, same goes for this comment.

  3. #2883
    Kings County Loyal BrooklynLove's Avatar
    Join Date
    Aug 2007
    Location
    Brooklyn, planet Earth
    Posts
    2,750

    Default

    Quote Originally Posted by STT757 View Post
    How many hotels does Brooklyn have?..
    Enough.

    You're still missing the fundamental issue - people do not want to physically locate themselves in Newark for even a 3 hour period. The place is a hole. Refurbing a train station and building an arena gives you a hole with a refurbed train station and new arena. The area needs to draw the arena, not vice versa.

    By the way, you should educate yourself re Oklahoma City - it's no accident or stroke of luck that they landed a team.

  4. #2884
    Senior Member
    Join Date
    Jun 2003
    Location
    New Jersey
    Posts
    814

    Default

    Quote Originally Posted by Alonzo-ny View Post
    Camden is in NJ as well, does that mean diddly squat? Nope, same goes for this comment.
    So is Princeton, the most prestigious University in the United States. What it means is New Jersey is a small state (third smallest in the Nation) however it is also the 2nd wealthiest (was #1 last year, Wall Street troubles knocked it down). A 10 minute drive from downtown Newark is some of New Jersey's wealthiest communities, and several major corporations.

    Ratner is hoping to lure Long Islanders to Downtown Brooklyn to fill those expensive seats, not locals. The Prudential Center in Newark draws fans from the nearby Wealthy communities, not locals. Newark has better highway access compared to Brooklyn , highways in Brooklyn are a joke. I went to the Mets vs Braves game last week, it took 1:10 minutes to drive from the Verranzano Bridge to the Grand Central Parkway.

    I still think the Nets will move to Newark.

  5. #2885

    Default

    Quote Originally Posted by STT757 View Post
    Ratner is hoping to lure Long Islanders to Downtown Brooklyn to fill those expensive seats, not locals.
    Why would they drive if the LIRR goes right to the arena. You'll never get sympathy from anyone that its hard to drive around NYC.

  6. #2886

    Default

    Maybe someone can explain why an NBA team can't make it in Newark, but an NHL team can.

    And the NHL team does it as the only anchor tenant, while both teams would split arena operating expenses.

  7. #2887
    Kings County Loyal BrooklynLove's Avatar
    Join Date
    Aug 2007
    Location
    Brooklyn, planet Earth
    Posts
    2,750

    Default

    Whether or not a team "can make it" is not the proper arbiter.

    Any team in the NYC area could "make it" in Newark but that doesn't mean putting them there makes more sense than putting them in Brooklyn.

  8. #2888

    Default

    So as long as it's now been determined that an NBA team can "make it" in Newark, and we can put that silly argument to rest; how does it make more sense to put the team in Brooklyn with...

    No other franchise to share arena operation.
    No arena for them to move into.
    A proposed arena with shaky financing.

  9. #2889
    Kings County Loyal BrooklynLove's Avatar
    Join Date
    Aug 2007
    Location
    Brooklyn, planet Earth
    Posts
    2,750

    Default

    You're only considering one side of the analysis. Higher benefit justifies higher cost. You're question actually begs the answer. Why not take the easier option? Because the harder option is so much more desirable.

  10. #2890

    Default

    No, I've considered both sides. You haven't.

    Municipal investments in sports facilities have consistently been shown to be poor choices when correctly compared to alternate uses for the funds. The number and quality of jobs provided are poor. The city doesn't make much on its investment; the ownership does.

    YS over 80 years in the South Bronx has done nothing for the neighborhood.
    MSG over 40 years in Midtown - ditto.

    The fact that the arena in Newark is already built and can operate more efficiently with two franchises removes the negative aspect of tying up public funds.

  11. #2891
    Banned Member
    Join Date
    Dec 2002
    Location
    Park Slope, Brooklyn, NY
    Posts
    8,114
    Blog Entries
    4

    Default

    Ratner has been exploiting Brooklyn for a long time with much success. I think he felt that bringing a professional sports team back to Brooklyn would generate a grooundswell of support. That support would generate generous tax breaks and low-interest government loans. He would never even consider building an arena, if it didn't include office space and/or housing.

    It was never about a sports team. It was about money and generating support for a hare-brained scheme to create a monstrous mega-development in the heart of Brooklyn. Markowitz was the biggest cheerleader. He was so far off the mark that he keeps his mouth shut on all this "Atlantic Yards." He's re-learning that lesson in Coney Island, where no one wants his crappy amphitheater either.

  12. #2892
    Kings County Loyal BrooklynLove's Avatar
    Join Date
    Aug 2007
    Location
    Brooklyn, planet Earth
    Posts
    2,750

    Default

    So then we get the arena by exploiting Ratner. This project is great for further positive growth in the boro. It is a fabulous dot to the exclamation point that starts at the foot of the Manhattan Bridge where we have the resurgance of downtown BK. I don't know how people can't get excited about this, and opposing it is just stunning.

  13. #2893
    Senior Member
    Join Date
    Jun 2003
    Location
    New Jersey
    Posts
    814

    Default

    MAY 18, 2009, 5:32 PM
    Bradley Wants Nets to Play in Newark, Not Brooklyn

    By JOE BRESCIA

    Add Bill Bradley, the former Knicks star and United States senator from New Jersey, to the list of skeptics regarding the planned 18,000-seat basketball arena that is to be a centerpiece of the Atlantic Yards development near downtown Brooklyn.

    Mr. Bradley, who sought the Democratic nomination for president in 2000, said in a recent interview that he supports efforts by Mayor Cory A. Booker of Newark to lure a professional sports team there. Mr. Bradley believes that the Nets, which currently play in the Izod Center in East Rutherford, N.J., can play in the Prudential Arena, the home of the Devils.

    The former senator noted that the controversial Atlantic Yards project — which would include apartments, offices, stores along with the arena — has been delayed as a result of the economic downturn.

    “Maybe it takes something like that to bring people to their senses,” Mr. Bradley said about the stalled Brooklyn project. “They don’t belong in Brooklyn. They belong in New Jersey. They belong here.”

    The developer Bruce C. Ratner, who is behind the Atlantic Yards project, faces a looming deadline to make headway on the project. By the end of the year, he must begin construction of the arena by the end of the year to qualify for tax-exempt bond financing, according to an Internal Revenue Service ruling. To take effect, a 20-year naming-rights deal with Barclay’s, the British bank, also requires him to begin construction of the arena by year’s end.

    Mr. Bradley, 65, is now a managing director at Allen & Company, an investment bank in New York. In the interview, he said that he was not interested in returning to basketball in any capacity and that he had no plans to re-enter politics.

    Asked if he would accept a government position if President Obama offered him one, Bradley said no. “I’m a fan of President Obama, but I’m happy with what I’m doing now,” he said.
    http://cityroom.blogs.nytimes.com/20...-not-brooklyn/

  14. #2894

    Default

    Quote Originally Posted by BrooklynLove View Post
    So then we get the arena by exploiting Ratner.
    We don't get the arena; Ratner does. He has it locked up for 30 years, with an option to extend it.

    I don't know how people can't get excited about this, and opposing it is just stunning.
    I haven't read one post in this thread advocating that AY should not be developed, but that doesn't mean anything that's proposed should be accepted.

  15. #2895
    Kings County Loyal BrooklynLove's Avatar
    Join Date
    Aug 2007
    Location
    Brooklyn, planet Earth
    Posts
    2,750

    Default

    Do you fill out a customer service survey when you have complaints or when you have complements?

Similar Threads

  1. Hudson Yards
    By Kris in forum New York Skyscrapers and Architecture
    Replies: 1462
    Last Post: May 3rd, 2013, 05:27 PM
  2. Greenways and Waterfront Development
    By Edward in forum New York City Guide For New Yorkers
    Replies: 180
    Last Post: January 6th, 2013, 12:18 AM
  3. East 57th Street Tops Retail List Highest Rents In the World
    By noharmony in forum New York Real Estate
    Replies: 1
    Last Post: January 30th, 2008, 12:33 PM
  4. Retail space banks are opening branches
    By Edward in forum New York Real Estate
    Replies: 1
    Last Post: September 14th, 2005, 02:43 PM
  5. Toy Store Is Leading Retail Shuffle in Times Square
    By noharmony in forum New York Real Estate
    Replies: 0
    Last Post: December 15th, 2001, 08:51 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


Wired New York on Google+ - Facebook - Twitter - Meetup -

Edward's photos on Flickr - Wired New York on Flickr - In Queens - In Red Hook - Bryant Park - SQL Backup Software