Search
 

Arena Redevelopment Proposals Formally Unveiled

EAST RUTHERFORD, NJ-The six plans, put forth by some of the biggest names in US real estate, give the New Jersey Sports and Exposition Authority plenty of options.

By Eric Peterson | Updated on September 20, 2002

EAST RUTHERFORD, NJ-In the ongoing saga of a new arena in Newark for the NBA Nets and NHL Devils and what to do with their current home, the Continental Airlines Arena, six redevelopment proposals for the latter were formally unveiled yesterday. The proposals were in response to an RFP issued in July by the arena’s owner, the New Jersey Sports and Exposition Authority.

The proposals are diverse enough to give the NJSEA plenty of options, perhaps even combining two or more of them. The whole thing is contingent, of course, on the Nets and Devils vacating the Continental Airlines Arena – and when.

The proposals include “Expo Park,” offered by Hartz Mountain Industries of Secaucus, NJ and Forest City Ratner. Totaling over four million sf, it would cost more than $800 million and include a 500,000-sf convention center, two hotels and four office buildings.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.