SBD/16/Facilities Venues

Print All

         Beer distributor Jerry Clinton yesterday agreed to sell his
    share of the lease for the city's new domed stadium and
    convention center.  Clinton sold his 30% share of the lease to
    FANS Inc. -- a nonprofit group which has been attempting to lure
    a NFL franchise to St. Louis -- for $4M immediately, and another
    $4M if the city is successful in getting a team.  FANS also
    agreed to grant Clinton a luxury box at the domed stadium free of
    charge for the next 20 years.  Following the Clinton deal, St.
    Louis businessman James Orthwein announced that he would attempt
    to help the city attract a NFL franchise and sold his 65% share
    of the lease to FANS for $1 (Jim Thomas, ST. LOUIS POST DISPATCH,
    9/16).  Former Sen. Thomas Eagleton, the point man for FANS
    during the lease negotiations, said that the lease would be
    offered immediately to the Rams: "If we didn't get this lease
    resolved this week or next, school was out.  The Rams are very
    pleased because they have been encouraging us to have a clear
    lease."  In Baltimore, Vito Stellino writes that St. Louis now
    has moved ahead of Baltimore, claiming that NFL Commissioner Paul
    Tagliabue and Redskins owner Jack Kent Cooke are blocking the
    Rams from moving to Baltimore (Baltimore SUN, 9/16).

    Print | Tags: Facilities, NFL, LA Rams, Washington Redskins

         Ground was broken for the new CoreStates Center in
    Philadelphia on Wednesday.  Mayor Ed Rendell recommended PA
    lottery money from sports betting to fund the project (Frank
    Lawlor, PHILA. INQUIRER, 9/15)....An Amway convention scheduled
    for the Kingdome October 14-16 has been canceled, costing King
    County $2-$4M (SEATTLE TIMES, 9/15).
         CORRECTION:  Susan King of the Metropolitan Sports
    Facilities Commission in the Twin Cities was incorrectly quoted
    in the September 14 issue of THE DAILY.  Thge quote should have
    read that the Metrodome is only publicly held stadium in the
    nation that is completely self-supporting and receives no tax
    dollars.  We regret any confusion.

    Print | Tags: Facilities
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug