Cubs See Progress In Talks With Rooftop Owners New Vegas Arena Set For Groundbreaking NFL Panthers Battling Wi-Fi Issues Palm Beach OKs Funds For Spring Training Site CFP, Cowboys Playoffs Could Conflict World Series Balllparks Offering Apple Pay Facility Notes Sources: Barclays Center Up For Sale Bengals Upgrading Player Facilities UConn Unveils Hoops Practice Facility
Upcoming Conferences and Events
BASEBALL GIANTS CONSIDER PANTHER PLAN TO FINANCE NEW STADIUM
Published October 20, 1994
The S.F. Giants, eager to build a new stadium, are considering a seat-licensing strategy similar to that employed by the Carolina Panthers in which season-ticket holders can purchase the long-term rights to their seats, which can then be sold or kept in the family for generations. In order to finance a $220M football facility, the Panthers sold permanent seat licenses for as much as $5,400. Without endorsing the Charlotte plan, Giants Senior VP Pat Gallagher said the team probably would have to similarly finance a new stadium: "We're going to have to be very creative. We'll have to come up with a business solution as opposed to a political solution. ... Our long-term plan is that the fans deserve, at some point, to look forward to a new ballpark" (Michael Martinez, SAN JOSE MERCURY NEWS, 10/20).