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According to the BOSTON HERALD's "Inside Track" column, the total cost of changing all the "new arena adornments" bearing Shawmut Bank's indian-head logo at the new Boston Garden could top $500,000. The naming rights to the new Garden are included in Fleet Financial Group's $3.7B acquisition of Shawmut Bank. Among the changes that have to be made -- signs, uniforms, cups, napkins and seat tags. Reportedly, there were 15,000 indian-head logos waiting to be affixed to arena seats. "That's $18,000 right there." The HERALD's Fee & Raposa note it was a "good thing" the $4M scoreboard wasn't under construction (BOSTON HERALD, 2/23).
In a letter to Miami Mayor Steve Clark, Heat Managing Partner Micky Arison spelled out conditions for an extension that would keep the team at Miami Arena for two years after the current lease runs out in '98. In the letter, Arison told Clark an extension "would give us sufficient time to ensure that a more permanent solution could be found for the Miami Heat staying downtown." However, in an interview in today's MIAMI HERALD, Arison did not say that an arena upgrade was the solution: "I've tried to get some breathing room so the Heat can find the right long-term solution. I have not come to any conclusions. I've met with people and not one person believes refurbishing the arena is the right way to go. Everyone is saying we should work towards a new state-of-the-art arena." Clark wants to keep the team in a renovated Miami Arena (Karen Branch, MIAMI HERALD, 2/23).