Claim: Triangle Park is a parcel of approximately 3 acres, the city acquired the land for $9.4 million from Edison Properties.
Evidence: The park was originally called Triangle Park. The site is a parcel of approximately 3 acres (1.2 ha) in the shape of a triangle. The city acquired the land for the arena and park under the auspices of the Newark Downtown Core Redevelopment Corporation (NDCRC) for about $9.4 million in a series of complex purchase and transfer transactions with landowners Jose Lopez (a prominent local restaurateur)and Edison Properties, among others.