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DOES TARGET CENTER DEAL NEED TO BE IN PLACE BY FEBRUARY 13?
Published February 2, 1995
Henry Savelkoul, Chair of the Metropolitan Sports Facilities Commission said Wednesday that a Target Center buyout package must be in place by February 13 or the Twin Cities again "could face the loss of the Timberwolves." February 13 is the date the NBA's Board of Governors meets in Phoenix during All-Star weekend. Savelkoul: "My concern is that we have the owners all getting together at the All-Star Game in about 10 days, and if we don't have it done by that time they might say, 'We're going to make a decision.'" Savelkoul did say that no NBA official "had specifically warned him that the NBA had such definitive plans." March 1 is the deadline for team owners to advise the league of intentions to relocate. Wolves and Target Center co-owner Marv Wolfenson said that he and partner Harvey Ratner have not filed a relocation application "nor did they plan to do so." Glen Taylor has an agreement to buy the Wolves, provided the public buyout of the Target Center is completed (Jay Weiner, Minneapolis STAR TRIBUNE, 2/2).