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"Eccentric real estate developer" Abe Hirschfeld has proposed to build a new stadium for the Yankees, according to Richard Sandomir in today's N.Y. TIMES. The proposal calls for a new stadium to be built "across from the current site" and for Yankee Stadium to be turned into an Olympic Training Center and public recreation center. The plan also calls for a 15-story hotel to be wrapped around the new stadium "between first and third bases, with 300 suites looking down at the field" (N.Y. TIMES, 2/14).
Redskins owner Jack Kent Cooke is considering "fallback" sites for the building of his stadium if his first choice, Laurel MD, does not work out, according to today's Baltimore SUN. Other MD sites Cooke is considering include Prince George's County, Suitland, and the USAir Arena in Landover, as well as a site in Loudon County, VA. Cooke says "staying in Washington does not appear likely." Despite these comments, political leaders in Washington "appear to have been the most persistent wooing the team and still hold out hopes of persuading the Redskins to stay" (Jon Morgan, Baltimore SUN, 2/14). In his column today, John Hawkins writes that by threatening to move the Redskins to St. Petersburg, Cooke would get the cooperation he needs to build a new stadium (WASHINGTON TIMES, 2/14).
THE SPORTS BUSINESS DAILY has profiled the facilities of the NFL since October. Today, we begin to examine the infrastructure of the NBA and the NHL with a profile of the America West Arena, host of the 1995 NBA All-Star Weekend, our first of 44 facilities.
STADIUM: America West Arena, Phoenix, AZ. TENANTS: Home of the Suns, AFL Rattlers, CISL Sandsharks(both owned by the Suns). AGE: Opened June 1, 1992. OWNERSHIP: Owned by the City of Phoenix. MANAGEMENT: Managed by Phoenix Arena Development Limited Partnership. COST: $90 million city contributed $35M through the sale of bonds, Phoenix Arena Development Limited Partnership (PADLP), a division of the Suns contributed the rest. CAPACITY: 19,023 for basketball. LUXURY SEATS: 88 suites which accommodate up to 22 guests. Sunsoperate and manage the suites. NAMING RIGHTS: America West Airlines paid $24M for 30-year namingrights. CONCESSIONS: Restura, a division of Dial Corp., handlesconcessions. Team receives 40% of concessionrevenue, city receives 60%. ADVERTISING: Suns handle all advertising. City receives 60% ofrevenue, team receives 40%. PARKING: 900 space garage managed by PADLP 1,500 spacegarage next door owned by city, 11,000 parkingspaces within an 8 minute walk. GAME-DAY: Personnel paid for by the Suns. LEASE: 40-year agreement. Suns will manage and operatefacility throughout. MAINTENANCE: Paid for through a renewal fund. RENT: $500,000 a year with a clause for increased revenue.