Andrew Zimbalist is a Smith College prof Bruce Ratner hired to analyze the financial benefits of Atlantic Yards. In an interview with The New Yorker, Zimbalist says while there's "no economic benefit" to most arenas, the Nets move was "different". It would permit New York to "cannibalize" New Jersey tax revenues by moving high priced talent to the city. That plus private investment in housing and commercial property.
Prof Says New York's Ability to "Cannibalize" Nets' Salaries Swayed Him
By Net Income