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TARGET CENTER MANAGER TO MEET WITH BETTMAN
Published March 22, 1995
Dana Warg, who runs the Target Center for Ogden Corp., will meet NHL Commissioner Gary Bettman to inform the NHL that the deal between the arena and the city of Minneapolis is complete and to "give parameters on what would take place if an NHL team came here," according to this morning's ST. PAUL PIONEER PRESS. There has been increased speculation the Jets will move to Minneapolis if their arena deal is not complete by May 1. Ward said that T-Wolves Owner Glen Taylor has first rights to purchase the team and "bring it here," but that he had two other interested investors. The "consensus seems to be that, if the Jets do move, it will be to Minnesota," writes Tom Powers. If the Jets move, the NHL would like to see them go to MN, rather than taking away profitable expansion fees. Powers adds that "the league owes Minnesota" after the Stars left for Dallas (ST. PAUL PIONEER PRESS, 3/22). PIONEER-PRESS Columnist Charley Walters, noting reports that Jets owner Barry Shenkarow figures he can sell the team for $75M to MN interests, writes that Taylor would be interested, "but not at anything near that price." Wolves President Rob Moor, said $75M is "not a number we'd be leaping at" -- after "he finished laughing." Taylor will pay all property taxes on the Target Center and any other party interested in putting an NHL team there would have to negotiate with him. But Walters writes "that wouldn't preclude anyone else from buying and operating a NHL club in Minneapolis" (ST. PAUL PIONEER-PRESS, 3/21). The Manitoba Entertainment Complex is attempting to buy 64% of Shenkarow's stake in the Jets for C$32M, but their ability to come up with the money is uncertain. Taylor "would have no trouble raising" the $32M, which is "preferable to bidding" for a team on the open market (Lance Hornsby, TORONTO SUN, 3/22).