Nets Seeking Bargain Shoppers in Suite Sales
by Net Income on Jul 11, 2010 8:54 AM EDT
in Brooklyn
Email
Print
The sales pitch would have been so much sweeter if LeBron had taken his talents in another direction.
Inside a midtown Manhattan office atop Bruce Ratner's Times Building, Nets sales people are offering not a superstar but bargain rates for Barclays Center suites.
While suites at Madison Square Garden, Citi Field and Yankee Stadium go for as much as $1 million a year, some smaller but similarly placed suites at Barclays will go for between $215,000 and $425,000. The target: small businesses, particularly in Brooklyn. So far, only 35 of the 104 suites have been sold, a number that's barely moved in the last few years. Although the Nets can't offer LeBron James, they are offering prospects road trips on the Nets' team plane.
- Suite deals at Barclays Center - Crain's New York Business
- Even without Lebron, Nets have a foundation in Brooklyn - Stephen Brown - Brooklyn Paper
- In 20 months, Nets suite sales nudge from "about 30 percent" to less than 34 percent - Norman Oder - Atlantic Yards Report
12 comments
|
0 recs |
Do you like this story?
Comments
Good luck with all of that
"No one stands on the top of the world. Not you, not me, not even gods. But the unbearable vacancy of the throne in the sky is over. From now on...I will be sitting on it."
Most pathetic organization in all of sports right now
Stop trying to be something you’re not. This week once again proved this is not a NYC team with ANY clout. Let’s go back to being the New Jersey Nets and find someone that knows how to run basketball operations to hopefully get back to the plateau we reached before Bruce Ratner was allowed to steal this team to further his own greed.
With the new arena in Newark the future should be bright, instead we are still being subjected to this Brooklyn non-sense. A billion dollar plan without anyone interested in supporting it.
I'd think 35 suites sold
with 2 years till the arena opens is pretty damn good
The price makes it affordable for those who have never been able to entertain with suites, to entertain with suites in this market place
It all changes after the get into that building and hopefully have a winning team. Let’s not forget that Barclays will be home to more than the Nets – Brooklyn is an untapped market…
-Say man when I was growing up we wanted a Jacuzzi, we had to fart in the tub.
brett
ask Brett privately, he’ll tell you that suites sold over more than 2 yeas is NOT good.
Another humiliation
So much for this being a playground for the rich. According to the calucations, Yormark was able to sell about 34% of them, which might be good for being over a quarter, but is still way less than half. Just hearing that he had to reduce the prices shows how less attractive this is as is hearing that the number hardly moved up. Looks like it’s not as prestigous as it was so hyped to be.
What reduced pricing?
Where is that mentioned in the article?
-Say man when I was growing up we wanted a Jacuzzi, we had to fart in the tub.
Where it came from
If you read the other half of the first sentence in the second paragraph the price is mentioned. Notice how it says the other places are going up for nearly one million dollars, but this one will only go up for half of that. The price was there in plain sight, so I didn’t make that up, plus I didn’t make up the percent arbitrarily either, I determined that by taking the number sold [dividend] by the total number of suites [divisor] and the quotient, which was rounded to two decimal places, was the percent. As for the claim on small businesses in Brooklyn that can get the suits, I highly doubt they can afford those prices as those of the low income could afford that so-called affordable housing, which wasn’t going to be for them anyway.
by Tal Barzilai on Jul 11, 2010 10:31 PM EDT up reply actions
Because Yankee Stadium/Citi
New Meadowlands and MSG are commanding million dollar suites it means the Barclays Center should?
Just because they are priced lower does not mean they are reduced pricing – they haven’t been reduced at all. They are the “affordable” play in the NYC market and they must believe they can capitalize on it.
They are two years out and have sold 35 suites, that’s pretty damn good. According to Crains and Sports Business Daily, New Meadowlands didn’t have an influx in sales until they were 9 months out from opening when hard-had tours began.
-Say man when I was growing up we wanted a Jacuzzi, we had to fart in the tub.
Affordable to whom?
Just because it’s lower that what Yankee Stadium II, Citifield, and MSG IV in the sales of suites, doesn’t mean that it’s affordable. The only difference is that it’s less in value, but I still have my doubt that local businesses can afford those suites on their incomes. Many of them are trying to make ends meet, so I don’t think that suites will help. It’s really Ratner that said that the Barclays Center will be prestigous, and seeing that he had to reduce prices on the suites for hardly getting any new sales after two years, which is sort of knocking the teeth out of it all.
by Tal Barzilai on Jul 12, 2010 3:28 PM EDT up reply actions
You keep saying they reduced the prices
When did they reduce them? They are less expensive than the other venues, they are not reduced from anything.
They Barclays Center will be a prestegious arena that happens to be the value buy in NYC…the world has changed and teh Barclays Center is changing with it.
You make no sense when you post, seriously. I was pitched a Barclays Suite for my company…you know what I like the best, they have a fantastic B2B platform. It’s more than just spending entertainment dollars with no return, the Nets want to help grow peoples businesses by networking with their other suite holders.
Stop being so bitter
-Say man when I was growing up we wanted a Jacuzzi, we had to fart in the tub.
Comments For This Post Are Closed
Secondary Sidebar
User Tools
FanPosts
Community blog posts and discussion.
Certain photos copyright © 2012 by Associated Press or Getty Images. Any commercial use or distribution without the express written consent of Associated Press and Getty Images is strictly prohibited.
