Newark Arena Sale ‘Not Feasible’ to Plug Gap, Mayor Booker Says
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Newark Mayor Cory Booker said a plan to sell the city’s three-year-old Prudential Center arena is “not feasible,” after two city councilors said the sale could help close a budget gap that was as wide as $150 million.
The $375 million venue, home of the New Jersey Devils National Hockey League team, is owned by the city’s housing authority. It sits adjacent to City Hall, two blocks from Newark Penn Station, a major New Jersey Transit rail hub.