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The deal, the details of which were not released, creates aninteresting synergy between the new arena and the new Red Bull Parksoccer stadium, a 25,000-seat venue rising just across the river inHarrison. AEG formerly owned the stadium's primary tenant, an MLSsoccer team, before selling the franchise formerly known as theMetroStars to Austrian soft drink maker Red Bull two years ago. Theteam was renamed the Red Bulls after the sale, and AEG stayed onthe scene on as co-owner and manager of the stadium, so it willeffectively handle the booking of both the arena and the stadiumsimultaneously.

"The Prudential Center, a state-of-the-art indoor facility, willcomplement our outdoor stadium project at Red Bull Park," says NickSakiewicz, president of AEG New York/New Jersey. "Each venue willgive us a great opportunity too showcase sports and liveentertainment programming."