I saw it coming. Just look at this article I posted in March 2011 written by Tina Kassangana.
Carmelo The Cause For Rise in Knick Ticket Prices?
I can't say that Madison Square Garden didn't need a renovation but renovations should never come at the cost of the fans. In an effort to pay for it all, the Knicks raised ticket prices by more than 40% for the 2011-2012 season. The acquisition of Carmelo Anthony and Amare Stoudemire didn't help the cost of tickets either.
Fast forward to March of 2012 and the Knicks are struggling to sell tickets. And yes, even with the emergence of Jeremy Lin. The Knicks currently boast the highest average ticket price in the league; a staggering $117 per ticket compared to the league average of $48 per ticket.
How about the fan cost index for a Knicks game (the cost of taking a family of four to a game)? Try $600+, also twice the league average. Who has this kind of money in this economy?
If all of this Lin-Sanity really exists, which it does, you will see it in the attendance when the ticket prices drop. At the moment, fans should try visiting Newark if they are interested in seeing an NBA game live. Is there a remedy to all of this? The Madison Square Garden group could look for some type of other funding besides ticket sales to pay for the renovations. We at least know the renovations would never come out of the owner's pockets.
NBA Arenas
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