Fans Give High Marks To New Daytona Rising St. Louis Stadium Task Force Pursuing Land For Rams MLS Eyeing St. Paul For Expansion Club Redskins DC Stadium Could Hinge On Name Change PPL Park To Change Its Name U.S. Bank CEO Discusses Vikings Stadium Deal Chargers, Raiders Meet With L.A. Officials Baylor's Commitment To Facilities Paying Off Charlotte Considers MLS Stadium Plan Fresno State Plans Renovations For Stadium
RAPTORS MAKE LOW OFFER IN BID FOR ARENA SITE
Published November 9, 1994
This morning's TORONTO STAR reports that the Raptors have offered Canada Post as little as C$14M for a "prime downtown site that's worth at least four times that much." The property is on Canada Post's books for C$65M. The package "recently pitched" to the post office by the Raptors is said to come in the form of C$3M cash and C$1M a year for 50 years, with half the money to come from "marketing rights." These "rights" could range from naming the arena after a sponsor to putting a logo on the roof to setting up a "giant video display ad board within view" of an area expressway. The Raptors are "under pressure" to find a site because "unless construction begins before next October 1, they must pay" C$1M to the Ontario government (David Israelson, TORONTO STAR, 11/9).