Sections
SBD/19/Facilities Venues
Print All-
BENGALS GM CALLS FOR NEW STADIUM IN CINCINNATI
Bengals' GM Mike Brown told the Cincinnati Business Committee [CBC] that his team "would suffer financially without a new stadium." The CBC has been studying a renovation plan for Riverfront Stadium, but Brown said that would "leave his team with $5.5M less in annual revenue than the estimated average of an NFL stadium during the years 2000-2011." Brown said, "We do not want to leave here. We are going to work our hardest to make it work here." His remarks came a day after Cleveland Browns owner Art Modell called on OH legislators to consider ways to finance stadium improvements for the Browns, Bengals and the Reds. Brown said he was "intrigued" by Modell's idea of state financing for both projects, but Richard Green reports it is unlikely any plans will "immediately" come out of the statehouse (Richard Green, CINCINNATI ENQUIRER, 10/18).
-
COOKE EXPANDS SEARCH FOR BALTIMORE/WASHINGTON SITES
Redskins owner Jack Kent Cooke announced yesterday that he is looking at MD properties other than Laurel on which to build his new stadium. Cooke said Laurel is still the "first choice" but Stadium Project Manager Walter Lynch said the team has been "swamped" with alternative land offers. "Some observers who have been close to the yearlong process" of gaining stadium approval see Cooke's announcement as a "message" to the NFL and the Rams, reinforcing Cooke's intention to "move into the Maryland football market." When asked if he had eliminated Baltimore as a potential stadium site, Cooke said, "That is my business." Rumored MD sites include USAir Arena in Landover and the former Freestate Raceway in North Laurel. Cooke "did not appear to rule out" VA and DC sites. DC mayoral candidate Marion Barry said the announcement "doesn't affect us": "We're moving full steam ahead" (Katherine Richards, Baltimore SUN, 10/19).
-
REPORT ON NEW DALLAS ARENA COMES UP SHORT ON LUXURY SUITES
Dallas community leaders yesterday were given a report which recommends that Reunion Arena be demolished upon completion of a new, state-of-the-art facility. The report, commissioned by the Dallas City Council, further recommends that a new arena have only 60 luxury suites, down from earlier proposals of 144 suites. The total cost of the 22,000-seat arena is estimated at $170M -- down from earlier estimates of $187M. The 46-page report does not make recommendations on how to finance the new arena, but several Dallas council members said they hope that the city will pay only a third -- and certainly no more than half. Stars President Jim Lites said that a arena with only 60 luxury suites would be a "mistake": "Luxury suites are an important part of the deal. There's no arena being built anywhere with two teams that has less than 100 boxes. They'd be ill-advised to build less." The report was prepared by a team of consultants, including Ellerbe Becker and Austin-Turner Arena Group, a venture of Austin Commercial and Turner Construction (Sylvia Martinez, DALLAS MORNING NEWS, 10/19).
-
SABRES' NEW CROSSROADS ARENA GETS GO-AHEAD VOTE
The Buffalo City Common Council voted unanimously yesterday to release $2.7M to begin immediate construction of the Sabres' new arena. A "key element" to gain support from black Council members is an affirmative action agreement allocating 25% of contracts and jobs to minority and female-owned businesses. Formal NHL approval is still required for the clause in the contract that the Sabres remain in Buffalo for 30 years, but Sabres point man Larry Quinn said the NHL has "basically signed off on the transaction" (Kevin Collison, BUFFALO NEWS, 10/19). Council member Gene Fahey: "We have put ourselves in the position so we won't be Al Davis-ed" (AP/OTTAWA CITIZEN, 10/19). TO BE DETERMINED: Lease discussions remain between the city and Sabres-controlled Crossroads Arena Corp., but city attorney Arnold Gardner said talks are progressing. The city will receive $500,000 in annual ground rent and a "share in potential profits." The city and the team must also negotiate payment of $11M in infrastructure associated with the arena. Buffalo has already pledged $10M for the arena and Public Works Commissioner Joseph Giambra says the infrastructure costs will have to compete with other city needs. The city has invested $6.5M so far to purchase land and raze existing buildings. $45M in county and state funds for the arena are awaiting $67.5M in private financing (Kevin Collison, BUFFALO NEWS, 10/19). -
YANKEE SEAT SALE TO FUND NEW TAMPA TRAINING SITE?
Officials from Hillsborough County and the Yankees hope to raise $2M toward the construction of a Yankees spring training complex in Tampa through the "Yankee Backers" fundraiser beginning this Saturday. The drive will sell 10,000 brass name plates for seats in the new complex, ranging from $100-1000 for seats behind home plate (Kevin Walker, TAMPA TRIBUNE, 10/19).




