SBD/2/Facilities Venues

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  • ARENA SITE GRANTED TO JETS, BUT CONDITIONS ARE SET

         Manitoba Entertainment Complex Inc. was "granted the rights"
    by the Winnipeg city council to build a new $110M arena, but with
    a "few conditions."  MEC must come up with a plan to frees
    taxpayers from the 50-50 loss sharing deal between the province
    and the city, that expires in '97.  Those losses could be more
    than $40M over two years.  Some council members were concerned
    that by approving the business plan guidelines, the council "was
    in effect handing over the $12 million parcel of land" and
    "committing itself to servicing it for another $12 million."
    And, because the city and the province already own 36% of the
    Jets, "they warned that wouldn't be the end of public
    contributions."  A spokesperson for MEC said "the deal is far
    from done" (Scott Edmonds, CP/Toronto GLOBE & MAIL, 2/2).  Jets
    Owner Barry Shenkarow "says there's only one thing that can kill
    the arena deal in Winnipeg.  Revenue sharing.  Or lack of same."
    NHL Commissioner Gary Bettman told the WINNIPEG SUN:  "It makes
    it too political when you say it's a revenue-sharing issue.  It
    may be and it may not be.  I think what we have to do is figure
    out what the problem is, figure out how to address it, then
    address it. ... But this is a front-burner issue" (Ed Willes,
    WINNIPEG SUN, 2/2).
    

    Print | Tags: Facilities, New York Jets, NHL
  • BROWNS FUTURE EXAMINED THIS WEEK IN THE PLAIN DEALER

         This week the Cleveland PLAIN-DEALER ran a four-part series
    on the future on the Browns, called "A Big League Town:  The Cost
    of Staying in the NFL."
         SUNDAY:  Part I examined the value of the Browns to the city
    and area in light of Owner Art Modell's comments that he may have
    to sell the Browns if he doesn't receive a new or renovated
    stadium.  On the question of whether the investment is "worth it
    in terms of community prestige and return on the dollar,"
    economists "see it as part boon, part boondoggle" (Bonnie
    DeSimone, Cleveland PLAIN-DEALER, 1/29).     MONDAY:  Part II
    examined the ways municipalities have handled stadium
    construction, noting that for some cities "being competitive can
    be expensive."  Renovation successes in Jacksonville, Seattle and
    Tampa, along with new stadium projects in Miami, St. Louis and
    Charlotte, are featured.  (Steven Koff, Cleveland PLAIN DEALER,
    1/30).
         TUESDAY:  Part III compared Municipal Stadium to other
    "state of the art" stadiums around the NFL.  Due to the fact that
    it "falls short in dozens of ways," renovations will cost an
    estimated $130M for a "massive internal makeover"  (Steven Litt,
    Cleveland PLAIN DEALER, 1/31).
         WEDNESDAY:  Part IV examines potential sources of money to
    pay for a new stadium.  The Task Force, which hopes to deliver a
    recommendation to Cleveland Mayor Michael White by mid-February,
    has "declined to say whether they have any favorite financing
    plans."  Some options the Task Force is considering:  A regional
    stadium authority that could levy sales taxes; a Cleveland
    parking lot tax; a surcharge on Browns home game tickets; a
    statewide "soda pop tax"; and a capital improvements
    appropriation from the state.  The chosen revenue source "will
    likely be used to support issuance of economic development
    revenue bonds" (Stephen Phillips, Cleveland PLAIN DEALER, 2/1).
         ADDENDUM:  A proposal for a "Sports Mart" attached to the
    renovated Municipal Stadium is now "in the hands" of the Task
    Force, according to Stan Bullard of CRAIN'S CLEVELAND BUSINESS.
    The Mart would include a sports mall, a hotel, and a sports
    medicine clinic.  It "would make the stadium more than just a
    home for football games" and could produce profits to help repay
    bonds sold to finance the stadium renovations (CRAIN'S CLEVELAND
    BUSINESS, 1/30-2/5 issue).
    

    Print | Tags: Cleveland Browns, Facilities, NFL
  • STATE OF THE STADIUM: THE BUD BOWL

         Oilers Owner Bud Adams had discussed the idea of a new
    publicly-financed, state-of-the-art domed facility for his team
    in downtown Houston or in the surrounding area.  But lack of
    public support killed the proposal in late September.  Today, we
    look at the Astrodome and their lease with the Oilers -- No. 29
    in our series of 30 profiles.
    STADIUM:
    Astrodome, Houston, TX
    AGE: Completed in 1965
    COST: Original cost of $31.6M. Approximately $100M additional has been spent on the Astrodome and accompanying Astrohall and Astro areana improvements.
    MANAGEMENT: Astrodome is operated by Astrodome USA, a sister company of the Astros, which manages the facility under a lease with Harris County, TX.
    CAPACITY: 59,905 -- 3rd lowest in the NFL.
    LUXURY SEATS: 65 "Columbia" Suites, 52 Sky boxes. Columbia Suites and Sky Boxes are controlled for football by the Oilers who operate and retain all revenues.
    PARKING: Parking for 25,000 cars -- $4-5 a car. Oilersretain 6,500 spaces and receive all revenue. Astrodome USA retains 18,500 spaces and all revenue.
    CONCESSIONS: Handled by ARA. Team receives 46.5% of Astrodome USA's net revenues for all football games.
    ADVERTISING: Astrodome USA retains all revenues from fixed advertising. Oilers receive 50% of Diamond Vision Video revenue.
    GAME-DAY: Astrodome pays for utilities, parking and traffic personnel. Oilers pay all other game-day expenses.
    MAINTENANCE: County pays all capital maintenance/improvements.
    RENT: Maximum rent at current prices and capacity is $1,650,000.00
    LEASE: Expires in '97.
    PUBLIC $: Team receives no governmental subsidies.
    (Source: Mike McClure, Oilers Exec VP).

    Print | Tags: Anheuser Busch, Edmonton Oilers, Facilities, Houston Astros, NFL
  • THE "JACK KENT COOKE HARBORDOME"?

         Howard Rawlings, chair of the MD House Committee on
    Appropriations, has offered public funding for a "Jack Kent Cooke
    Harbordome" if the Redskins Owner were to move his team to
    Baltimore.  Cooke apparently is not interested.  Rawlings' offer
    includes the Maryland Stadium Authority building a domed stadium
    adjacent to Oriole Park.  Cooke responded that although Rawlings
    made a "very persuasive case," he is "virtually committed" to
    another location in the Baltimore-DC corridor (Jon Morgan,
    Baltimore SUN, 2/2).
    

    Print | Tags: Facilities, Washington Redskins
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