Lou was on ESPN radio yesterday. He was asked about the timeline for Belmont. He responded that he thought 3 years was the longest and that it could get done sooner. Lou told Kay that he got the new Devils arena done sooner than 3 years and it faced the same type of local opposition.
Newark alleged used eminent domain before the Rock got built.
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'Thursday, October 7, 2004
NEWARK - The New Jersey Devils' goal of moving to Newark is nearly complete.
Two Newark City Council votes Wednesday in favor of a $310 million arena that would be the centerpiece of a downtown redevelopment plan had Mayor Sharpe James, his staff and other arena supporters exchanging hugs and hearty handshakes at the conclusion of four hours of debate.
Most opponents of the arena plan, including three of the nine council members and several community activists, walked out of the council chambers after the first vote, glumly shaking their heads...
The first vote designated a large portion of downtown Newark as "an area in need of redevelopment" and passed on a 6-3 vote. The designation empowers the city to condemn property in the area.
The second vote, which passed, 6-2, with one councilman not voting, designated the Newark Housing Authority as the agency in charge of the redevelopment. The authority also is in charge of $210 million that will be used to build the arena. That money was raised via the sale of bonds backed by the proceeds of a 2002 renegotiation of the city's Newark Liberty International Airport lease with the Port Authority.
"Now we will be able to start demolition, taking the Renaissance Mall right down,"
James said of an abandoned 1980s project that languishes in the footprint of the redevelopment district. "
We'll be able to do preparation on the site over the next few months while we work out the final details of a contract between the Devils and the Newark Housing Authority.".
The Housing Authority is being investigated by the federal Housing and Urban Development Department over allegations that it misused funds...
But City Councilwoman Bessie Walker said that the promise of a 300-room hotel, a 100,000-square-foot community center and additional retail and parking to be built alongside the arena won her vote.
"I don't look at this as an ice hockey rink," Walker said. "I look at it as a whole downtown redevelopment."...'