Nets Say They Must Start On New Facility This Year

The Record, Bergen County, NJ (June 11, 2009)

Author: John Brennan
Permanent Link: http://vlex.com/vid/nets-say-they-must-start-facility-year-60157837
Id. vLex: VLEX-60157837

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Summary:

The Nets have just over six months left to wrap up their planned move to Brooklyn, Nets Chief Executive Brett Yormark said Wednesday.

"We have to break ground this year for various reasons," Yormark said at a panel discussion at the annual Sports Facilities and Franchises event in Manhattan.

Extract:

Nets Say They Must Start On New Facility This Year

One reason is the Dec. 31 expiration of an IRS provision allowing tax-free bonds to be issued for construction of the team's propo...



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