SBD/2/Facilities Venues

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  • COST ESTIMATES FOR NEW BREWERS STADIUM IS CLOSE TO $200M

         The Brewers "will have to spell out how much of the
    estimated" $265M -- the cost of the team's new stadium project --
    "they will cover before a decision can be made on raising public
    funds to make up the difference" according to Daniel Hanley of the
    MILWAUKEE JOURNAL.  The Brewers are "at least two weeks away from
    revealing" that figure which could delay the work of the
    Governor's Milwaukee Stadium Commission.  That group faces a
    February 1 deadline to recommend a way to raise public funds.
    Yesterday, project consultants gave the commission new cost
    estimates and a timeline.  Construction cost:  $145M, plus another
    $51.66M for the convertible roof -- not including infrastructure
    costs earlier placed at $67M.  The timeline calls for temporary
    financing to be in place at the start of '95 with funding approval
    in March '95 (MILWAUKEE JOURNAL, 12/1).
    

    Print | Tags: Facilities, Milwaukee Brewers
  • DC ARENA DEAL TURNS SPICY AS POLLIN PONDERS PULL-OUT

         The discussions for a new arena in downtown Washington took
    on a new light as Bullets/Caps Owner Abe Pollin threatened to pull
    out of any deal that would compromise his  future ownership of the
    teams.  Black Entertainment Television President Robert Johnson
    yesterday told the DC Redevelopment Land Agency (RLA) -- the group
    that will decide who will "get the rights to develop valuable city
    owned property" -- that he would pledge $12M to help develop
    minority-owned businesses in the neighborhood of the arena, pay at
    least $500,000 annually rent for land, and set aside $18M to
    acquire extra property required for the building.  The proposal
    "drew favorable comments" from RLA members, but it left
    representatives of Pollin "fuming over potential deal busting
    delays."  Pollin spokesperson Wes Unseld "cautioned" the RLA not
    to be "swayed by Johnson's offer."  Pollin's agreement "with the
    National Capital Development Corp. (NCDC) calls for DC Council
    approval of a new arena by year's end, and if that "timetable
    slips, Unseld said Pollin will begin talking again" with officials
    in MD and VA about other sites.  Johnson's deal is contingent upon
    Pollin moving his teams into the city (Howard Schneider,
    WASHINGTON POST, 12/2).
    

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  • RAPTORS/SKYDOME ANNOUNCE LEASE DEAL

         The Raptors and SkyDome will announce today that they have
    completed the lease agreement for the team's first two seasons.
    The deal is believed to be worth $4.5M per season.  Officials at
    SkyDome hope the team will stay there beyond the first two
    seasons.  SkyDome President Bob Hunter said the deal is a one-year
    plus one-year term, with an option to renew after the second year.
    Hunter:  "Certainly we'd like to think they'll be with us for a
    long while."  But Raptors VP/Communications Tom Mayenknecht said
    the team "fully intends to be playing in our own building" after
    the first two seasons (Craig Daniels, TORONTO SUN, 12/2).
    

    Print | Tags: Facilities, Maple Leaf Sports and Entertainment, Toronto Raptors
  • TOUGH TALK ALONG THE RIVERFRONT

         Bengals Owner Mike Brown said his team "will not play in
    Riverfront Stadium after the 1999 season."  Brown, who made his
    comments in an interview with Richard Green of the CINCINNATI
    ENQUIRER, said he wants Riverfront demolished and a $146M facility
    built on the same site.  He said the team could play at a
    temporary site (Ohio State or UK) while a new stadium is built.
    Brown would not discuss the possibility of relocation:  "Our
    objective through this entire affair is to keep the team in
    Cincinnati.  I'm not going to be about threats."  Brown, on
    discussions of a new stadium for the Reds and renovation of
    Riverfront for the Bengals:  "I haven't seen a (remodeling) plan
    that does what we need and I am not convinced it is possible"
    (CINCINNATI ENQUIRER, 12/1).
    

    Print | Tags: Cincinnati Bengals, Cincinnati Reds, Facilities
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