Despite losing the Nets, the city's downtown is getting great press.
The New Jersey Nets are about to move to Brooklyn. But remarkably, their former home isn't taking much of a hit.
As the Wall Street Journal reports, downtown Newark is on the upswing, with hundreds of millions of dollars in new development. This includes a Courtyard by Marriott hotel (the first hotel to be built downtown in 40 years), a mixed-use development nearby, and Hotel Indigo (a former bank building).