On January 15 of this year I attended a “public” meeting of the New Jersey Sports & Exposition Authority after being “tipped” off that they were planning to close the Izod Center in Bergen County. I say “tipped off”, because the public agenda for the meeting did not state they were planning that action.
The Commission members courteously listened to the many members of the public who had also been “tipped off”. and came to ask questions. There were no documents presented to the public (and from my observance none also to the Commissioners themselves). Commissioners then went into closed session and emerged later with a resolution autorizing the almost immediate closing. A majority voted yes, but one of the “No” votes came from Commissioner Leroy Jones who said, Commissioners had not received any information upon which to base a vote, and in fact had been notified only the day before that such an action was going to be taken. Certainly that raises questions of why there were any “Yes” votes with such little information.
Minutes of October and November of this past year state that the Izod was going to have a great 4th quarter. We have prior financial tables from NJSEA showing the Izod generally operating at a profit.