Feb 26, 2013, 9:55 AM EST
New Jersey Devils and City of Newark have reached a revenue-sharing arrangement for the Prudential Center, according to the Star-Ledger.
If the deal is approved by the city council, it would be the end of a lengthy and heated saga that involved Mayor Cory Booker calling Devils owner Jeff Vanderbeek “a highfalutin, high-class huckster and hustler.”
That statement came after arbitrators ruled that Newark had to pay the hockey franchise $2.7 million a year in parking revenue. The new agreement will reportedly continue that practice.
The city will also construct a new parking deck on Green Street, which is guaranteed to generate some income because the Devils have already committed to renting spaces.
This deal, if approved, also means that Newark will put a 1.37% tax on tickets for the Devils’ home games — as well as for any other tenant events. The state Legislature would need to sign off on the tax.
When everything is said and done, Newark could raise $50 million over the span of what’s believed to be at least a 25-year agreement.
Dec 20, 2014, 12:09 AM EST
They label Jimmy Howard as day-to-day.
Dec 19, 2014, 11:32 PM EST
They fell to Winnipeg 2-1 on Friday.
Dec 19, 2014, 10:31 PM EST
Then again, maybe the Ryan – Zibanejad – Hoffman line was just that good.
Dec 19, 2014, 10:01 PM EST
A beauty in regulation and in the shootout.
Dec 19, 2014, 9:51 PM EST
Sven Andrighetto is back up while Eric Tangradi heads to the AHL.
Dec 19, 2014, 8:48 PM EST
They’re playing safe for “precautionary” reasons.
Dec 19, 2014, 7:43 PM EST
It’s been 2,599 days since that last happened.
Dec 19, 2014, 6:47 PM EST
Let’s hope it’s just that type of illness …
Dec 19, 2014, 6:40 PM EST
It’s almost starting to feel like he has mutant powers.
Dec 19, 2014, 6:28 PM EST
They recalled Alexander Wennberg and Cody Goloubef.
Dec 19, 2014, 5:07 PM EST
Is under going an MRI today.
Dec 19, 2014, 5:00 PM EST
“As a family, we are thrilled that Dad’s quality of life has greatly improved, and his progress has exceeded our greatest expectations.”
Dec 19, 2014, 4:34 PM EST
Bring on the trade speculation.
Dec 19, 2014, 4:10 PM EST
32-year-old has played in 56 career NHL contests.
Dec 19, 2014, 3:37 PM EST
“Where’s the Tylenol?”
Dec 19, 2014, 3:21 PM EST
Off to the Marlies he goes.
Dec 19, 2014, 3:03 PM EST
Jeff Schultz has been called up from AHL Manchester.
Dec 19, 2014, 2:54 PM EST
“This is a great honor and opportunity for Mirco to represent his country,”
Dec 19, 2014, 2:31 PM EST
That said, might he make sense for the Bruins?
Dec 19, 2014, 2:12 PM EST
Henrik Lundqvist’s No. 2 returns for another year.
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- Gordie Howe makes ‘amazing’ recovery following stem cell treatment in Mexico 11
- Video: Penguins’ spoof of ‘Christmas Vacation’ is pretty good 14
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- Could Vermette land in Washington? 7
- Pens confirm Maatta has the mumps 5
- As holiday roster freeze approaches, Bruins linked to Oshie, Kassian 27
- Video: Pacioretty taken to hospital, reportedly no hearing expected for Stoner after questionable hit 35