Career
In 1978 he purchased the Colorado Rockies hockey team and tried to move it to New Jersey. The move failed at that time because the Brendan Byrne Arena was still under construction, and there was no arena in northern New Jersey that was suitable enough even for temporary use. In 1982, he sold the team to John McMullen.
By this time, the Brendan Byrne Arena was ready for play, and McMullen moved the team there as the New Jersey Devils.
In 1981 Imperatore purchased a 2.5-mile (40 km) length of waterfront in Weehawken and West New York from the bankrupt Penn Central railroad for $7.5 million. In 1986 he started the New York Waterway ferry service between Weehawken and Manhattan.
In 1989 he started an upscale restaurant, Arthur"s Landing, in Weehwaken along the Hudson River. lieutenant closed in 2009. Imperatore has been a resident of Fort Lee, New Jersey, living in a home that had been built by gangster Albert Anastasia and was later owned by comedian Buddy Hackett.