SBD/23/Facilities Venues

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  • MAVERICKS OWNER DISAPPOINTED AT SLOW ARENA TALKS

         Mavericks owner Don Carter is unhappy with the slow pace of
    negotiations with the City of Dallas to build a new arena.  City
    Manager John Ware set a deadline, with the city council's
    approval, to have a proposed $142M arena completed by the start
    of the 1997-98 season.  Carter: "After the holidays are over,
    we're going to have to get rid of our excuses. ... If we're going
    to do it in the timetable we set, we don't have a choice."
    Carter says several key issues remain that could be "deal
    killers" -- most important is the fate of Reunion Arena.  Since
    the proposed arena will sit behind Reunion, Carter wants the
    Mavs' current home torn down.  But Dallas Mayor Steve Bartlett's
    staff is studying alternative uses for the 17-year-old building.
    Carter:  "That's not open for negotiation. Either they put us in
    front or somewhere else downtown, but we will not sit behind it"
    (Sylvia Martinez, DALLAS MORNING NEWS, 12/21).
    

    Print | Tags: Dallas Mavericks, Facilities, Southwest Sports Group
  • RAPTORS DEAL STILL MUST CLEAR SOME HURDLES

         The Raptors' new C$130M, 22,500-seat arena must still clear
    a few hurdles before the first shovel is turned at the downtown
    Toronto site.  The team claims the taxpayers will not fund the
    project, but today's TORONTO STAR questions whether the project
    will turn into "another SkyDome" where "world-class bills" were
    paid by the taxpayer.  Jay Cross, arena project manager for the
    Raptors:  "Where we hope to be extremely different from SkyDome
    is that it's totally private-sector financed."  Another problem
    the team faces is the land deal it recently agreed to with Canada
    Post for the arena site -- a "non-binding agreement in principle"
    with questions remaining over whether the team paid enough for
    the land.  Analysts say the site was worth C$400M in a deal that
    fell through four years ago -- the Raptors paid C$50M.  The
    STAR's Isrealson & Spears write, "What is the site worth?  After
    all, even if the taxpayers aren't paying for the arena, Canada
    Post still belongs to us."  The team still must also get approval
    from the city before the arena is built.  Toronto Mayor Barbara
    Hall is said to be "cautious," but supportive of the plan
    (TORONTO STAR, 12/23).
    

    Print | Tags: Facilities, Maple Leaf Sports and Entertainment, Toronto Raptors
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