[Knipps]

Originally Posted by chemicalstylez

Theres no jealousy, its basic economics. A team that ranks 26th in attendence gets a new rink. 65% of it was funded with NJ TAX PAYERS MONEY. How that happend is beyond me, but with Corzine running the show it didn't surprise me. I never said the Devils weren't good, they just have no fan base outside of a 30 mile area. If they were moved to Winnipeg, Hartford, Quebec, or Vegas the team would flourish and sell out on a constant basis.

Originally Posted by http://www.nhi.org/online/issues/135/arena.html

In early May the state’s Local Finance Board and the Newark City Council approved the city’s financing plan, in which the Newark Housing Authority will sell bonds to raise about $220 million. According to the Star-Ledger, the city plans to spend $210 million from that sale on the arena – about 30 percent of the city’s annual budget. (The Devils will pay the balance of $100 million.) The remaining $10 million from the bond sale would be spent on neighborhood and capital improvement projects. The city will pay off the bonds with the annual lease payments of $12.5 million received from the Port Authority of New York and New Jersey (PA) for the right to operate Newark’s marine terminal.

what taxpayer money?