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Arena Glut Latest Challenge to Barclays

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How many arenas can the New York area sustain? Five? That's the number owners of pro sports teams and state authorities believe can work. That's not what experts think. "I don’t think four works, even in a market as large as New York," one expert tells the Times. "There’s competition in every direction and there aren’t enough events." Even "The Rock", the newest and most modern, is losing money.