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The Forest City Ratner Companies (FCRC) have spent considerable time and money trying to convince New Yorkers that moving the Nets from their home in East Rutherford, NJ to Brooklyn would be a great economic benefit for the city. There are currently plans to build a new 19,000 seat arena and a high-rise office building complex to accommodate the move…
The move would bring a professional sports team to Brooklyn for the first time since the Dodgers departed, but would be subsidized by the taxpayers, and would not generate enough revenue to justify the economic burden to the existing infrastructure.
Fifty years after the Dodgers were denied a stadium and lost the team, the people in Brooklyn are still Dodger fans. Brooklyn may well have the most avid fan base in the country. From the point of view that the move would be a gift to the sports fan that has little else to live for, it is a good thing. It would do wonders for the morale of the city. People could feel good about being from Brooklyn, if only for a little while. It would be a great feeling until the newness wore off.
The best case scenario is painted by FCRC and has the stadium filled 200 nights per year. However, this is contingent on using the arena for events such as concerts, Disney productions, and World Wrestling Federation events. FCRC's plans fail to consider the myriad of existing venues for these events that it will have to compete with. Even if they could fill the stadium 200 nights a year, it would cause other problems.
Filling a 19,000 seat venue 200 nights a year at the center of one of New York's busiest transportation hubs is "precisely the wrong place to put such a venue" (Kim and Peebles 27). ...
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