Nets practice facility likely to be unveiled in May, reports Sports Business Journal

Sports Business Journal, in a report on how Brett Yormark is hoping for a $7 million-a-year naming rights deal on the rehabbed Nassau Coliseum, notes as well that the long-awaited Nets training facility is likely to be unveiled next month.

SBJ's Terry Lefton reports, "Closer to Brooklyn, the Nets are expected to take the wraps off a new practice facility in the area’s Industry City collection of rehabbed warehouses by the end of May."

As reported by NetsDaily reported last October, the team will build a $50 million training facility atop an eight floor industrial building in Industry City, three miles southeast of Barclays Center with spectacular views of Lower Manhattan across New York Bay. The building, part of the 16-building Industry City complex off 39th Street in Brooklyn, will house the training facility and team offices on the top floor of the building and a team store on first floor. To accommodate the needs of the team, the Nets will raise the roof by approximately 20 feet and the property owners will make significant improvements to the entire building. The building is unlikely to be ready before the 2015-16 season.

Various reports have stated that a tentative lease for the facility had been approved by the team and Jamestown Properties. Irina Pavlova, president of ONEXIM Sports & Entertainment, has pushed for the facility.

• First things first for Brett Yormark: A naming deal for Nassau - Terry Lefton - Sports Business Journal