SBD/14/Facilities Venues

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  • CINCINNATI BUSINESSES SUPPORT STADIUM PLANS

         Cincinnati business and community leaders are voicing strong
    support and financial interest for redesigning Riverfront Stadium
    and building a new facility for either the Bengals or Reds,
    according to this morning's CINCINNATI ENQUIRER.  PNC Bank
    President and CEO Ralph Michael said "we are willing to buy
    luxury boxes, even if it is required at both places," and
    Cincinnati-based Proctor & Gamble's Chair Ed Artzt stated his own
    company support for stadium plans.  Small business leaders also
    voiced interest in skyboxes and club seating.  Such financial
    commitments should offset the estimated $200M for construction.
    City officials said local companies should participate as
    "corporate good citizens" and to attract prospective employees
    with pro sports teams.  The regional task force formed earlier
    this year to assess the project also hopes to solicit financing
    through local and state tax dollars, as Cleveland did for its
    $425M Gateway project.  City officials might also approach
    officials across the river in MY about contributing to the
    project (Richard Green, CINCINNATI ENQUIRER, 9/14).
         HIDDEN COSTS: In a related column, Tom Lang writes "there is
    no repair fairy godmother" and an endowment or "infrastructure"
    fund would offset future maintenance costs and "might even force
    prudent design and material changes in the original construction"
    (CINCINNATI ENQUIRER, 9/14).
    

    Print | Tags: Cincinnati Bengals, Cincinnati Reds, Facilities
  • STADIUM NOTES

         Soldier Field officials unrolled the first shipment of 6,000
    feet of new sod to repair the "overused, exhausted" field for the
    Bears home game this Sunday.  American Sod Corp. President George
    Brandt said "it will take time" for the field to recover from
    heavy use during the World Cup and concerts this summer.  Soldier
    Field Stadium Manager Jim Dugan is "praying for no rain" which
    would make the field much more vulnerable during the game (Peter
    Baniak, CHICAGO TRIBUNE, 9/14)....The purchase of the IHL's
    Detroit Vipers "fits snugly" with Pistons owner William
    Davidson's strategy to keep The Palace at Auburn Hills "busy."
    Davidson acquired the Vipers by buying the IHL Salt Lake City
    franchise in April for $5M, and moved them to The Palace.
    Besides filling dates at The Palace, Pistons President Tom Wilson
    notes that IHL franchises have jumped in value 20-fold in the
    past four years, and the Vipers could average 10,000 in
    attendance this season and be profitable in their first year
    (David Barkholz, CRAIN'S DETROIT BUSINESS, 9/5-11 issue)....Susan
    King of the Metropolitan Sports Facilities Commission said that
    although the Metrodome will lose as much as $600,000 in revenue
    from the Twins, they will still have more than $12-$13M for
    improvements.  King told THE SPORTS BUSINESS DAILY: "The
    Metrodome is the only publicly owned stadium in the nation.  The
    money we have is through profits that will be used to do major
    expansion on the building" (THE DAILY, 9/13).  The Commission is
    also in "serious negotiations with the city of Bloomington to
    sell the Met Center for between $15-20M, with the final price to
    be determined by an arbitrator" (Minneapolis STAR TRIBUNE, 9/13).
    

    Print | Tags: Chicago Bears, Detroit Pistons, Facilities, Minnesota Twins, Palace Sports & Entertainment, Wilson Sporting Goods
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