The Newark project is going forward, and as a life-long Devils fan, I fully support it. Cancellation of the season is actually going to help the Devils financial situation, they've consistently had huge operating losses, and the Arena is part of that problem. McMullen understood this and wanted to move the team to Hoboken years ago, but the proposal got wrapped up in typical NJ bureacracy and he decided to cash in.
The Newark decision has more to do with basketball than it does hockey.
I can understand why Devils fans would like to see a new arena, but under no circumstances should the City of Newark be permitted to spend $120 million from it's windfall from Newark Airport on this arena -- while the rest of the city is a third-world toilet that is supported almost entirely by the taxpayers of other Essex County towns and the state government of New Jersey.