The Devils hockey team does not plan to pay the first year's rent on the $375 million Prudential Center, and in fact they maintain the Newark Housing Authority owes them nearly $800,000 due to delays in completing the arena.
The authority, which owns the year-old arena, had expected to receive a multimillion-dollar rent payment by Sept. 30, but extended the deadline until two days ago, at the team's request.
The team owners delivered 12 pages of letters and calculations to the authority stating their lease allowed them to deduct nearly $2.2 million, due in part to delays in building the arena and completing construction on the land around it.
Taking that deduction into account, the authority owes the team $791,530, according to a letter from Gordon Lavalette, an executive vice president with the team.
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- Public Discussion (3)
They did screw up the beginning of last season. Weren't the Devils on the road for the first 4-5 weeks because the arena was not ready?
- 2 votes
They played their first game on October 27th.. which was their 9th or 10th game.. just 3 or 4 weeks into the season, but I'm sure they would have loved to schedule opening night there for a big bash
- 2 votes
I am sure. Having opening night so late is sort of a let down. The luster is sort of worn off the new season already.
Plus they lost some revenue from the 2 or 3 pre-season games that they would have played at home.
- 2 votes
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