But others believe the arena’s time has come and gone.
“When buildings become functionally obsolete and cannot generate sufficient income to cover their costs it’s time to re-purpose the site for some other function,” said James Hughes, former dean of the Bloustein School of Planning and Public Policy at Rutgers who studies regional demographics and economics.
Hughes noted that suburban office buildings across the state once considered valuable properties are meeting the wrecking ball. He wonders how long before the former Izod Center meetings a similar fate.
