
Since the start of last season, the New Jersey Devils have been playing in the glittering Prudential Center in Newark, New Jersey. But now that the rent on that publicly-funded palace has come due, the Devils are looking for a way out. Here's Maura McDermott from the Star-Ledger:
The Devils do not plan to pay the first year's rent on the $375 million Prudential Center and instead say the Newark Housing Authority owes them nearly $800,000 due to delays in completing the arena.I think we should all personally thank Devils owner Jeff Vanderbeek for providing an object lesson in why governments should think twice, and maybe even a third time, before agreeing to publicly finance sports arenas.The authority, which owns the arena, gave the team until last Monday to make what was expected to be a multimillion-dollar rent payment, granting the team's requests for two extensions on the Sept. 30 deadline.
On Tuesday, team owners delivered 12 pages of letters and calculations to the authority stating their lease allowed them to deduct nearly $2.9 million from the roughly $2.1 million rent owed and take a $210,000 credit for next year's rent, due to delays in building the year-old arena and completing construction on surrounding land.
As a result, the authority owes the team $791,530, according to a letter from Gordon Lavalette, an executive vice president with the team.
Just the other day, I was telling my father I wanted to call Newark Mayor Cory Booker's office to see if and when ESPN's Barry Melrose would make good on his apology and visit The Rock for a Devils game. Turns out I'm a day late and 
























