Carson NFL Backers File For Ballot Phoenix To Add Tire Barriers For Races Lightning Unveil Plans For Amalie Arena Kings Plaza Sculpture Reaction Mixed Chicago Mayor Rejects Cubs' Renovation Requests Facility Notes Arizona State Alters Sun Devil Stadium Remodel Real Salt Lake Reaches Deal For USL Stadium Crew Signs First Stadium Naming-Rights Deal Chargers Fans Vocal At Stadium Forum
Upcoming Conferences and Events
CITY ASKS T-WOLVES OWNER FOR MORE IN TARGET CENTER DEAL
Published January 17, 1995
The Minneapolis City Council has proposed a revised financial plan to purchase the Target Center with taxpayer-backed general obligation bonds for $40M. Part of the deal requires T- Wolves buyer Glen Taylor to pay an additional $14M to offset the original asking price of $54M. Taylor's agreement to pay Harvey Ratner and Marv Wolfenson $88.5M for the team is hung up over delays in the Target Center buyout (Diaz & Weiner, Minneapolis STAR-TRIBUNE, 1/13). Taylor had no response, other than to say: "That would create other problems" (Patrick Sweeney, St. Paul PIONEER-PRESS, 1/13).