Nets, Knicks in "Bunker" Battle

by Net Income on Mar 1, 2010 7:07 AM EST Comment 12 comments

With the Knicks spending $800 million to renovate the Garden and the Nets $1 billion to build Barclays Center, money has to come from somewhere. So, both clubs are offering corporations large, year-round, all-event "bunker" suites built under the stands...with one difference. The Knicks want $1 million for theirs, the Nets $540,000. "We are going after a different market," says Brett Yormark.

MSG prices bunker suites above $1M - John Lombarod & Don Muret - Sports Business Journal

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Yeah, MSG is the worlds most famous arena and the Nets are trying to build something that compares.

by mills on Mar 1, 2010 9:04 AM EST reply actions

“Junior” Knicks here we come.

by Isaac on Mar 1, 2010 9:19 AM EST reply actions

Nets are building the world’s most expensive arena…by far.

by Net Income on Mar 1, 2010 9:34 AM EST reply actions

Why is the “different market” quote notable? If they were a million for the knicks and 10k for the nets, that’s one thing… But if it’s between a million and 500k for a room in a basement… If somebody’s got that kinda money to blow, how different could the markets be?

by JB on Mar 1, 2010 10:08 AM EST reply actions

“Nets are building the world’s most expensive arena…by far.”

In this economy and in a city that already has its NBA team that the majority of that city fully supports, that fact is NOTHING to be proud of.

by Isaac on Mar 1, 2010 10:18 AM EST reply actions

“We are going after a different market.”

Could have fooled me.

by BB on Mar 1, 2010 10:23 AM EST reply actions

Lets just hope that they can assemble the world’s most expensive championship basketball roster.

by Mr. Dollar Bills on Mar 1, 2010 10:37 AM EST reply actions

Gerges just ruled against the property owners, so it looks like these bunker suites are even more of a reality.

by Brian Y on Mar 1, 2010 11:56 AM EST reply actions

When is the MSG renovation going to start? How long will it take?

by Trueblood on Mar 1, 2010 2:38 PM EST reply actions

MSG is a toilet arena.

by Newark Nets (Formerly Jersey Pride) on Mar 1, 2010 4:01 PM EST reply actions

Even if MSG does look bad compared to the Barclays Center, it will still win for being in a better location in the city.

by Tal Barzilai on Mar 1, 2010 11:45 PM EST reply actions

Tal,

You are 100 correct, Brooklyn will be such a pain and hassle to get to from Jersey, Bronx, Ct, Weschester, Rockland, Orange, most of Manhattan, Long Island.
It’s in a real bad and heavily congested locale.
I have no interest in going to Brooklyn once they leave NJ.

by Newark Nets (Formerly Jersey Pride) on Mar 2, 2010 11:18 AM EST reply actions