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An announcement last week by Finance Minister Eric Stefanson that the Manitoba Entertainment Complex "will have to pick up the Jets losses for the next two seasons if it wants C$10 million worth of support for a new arena, could raise the price of the entire deal to prohibitive levels," according to Saturday's WINNIPEG FREE PRESS. And, with the raising of the price, "chances of a successful deal" are now "razor thin." It is estimated that MEC needs around C$160M to build a new arena and buy out the majority owners of the Jets. However, "a requirement to take over the losses" would bring the price to "at least" C$195M. MEC spokesperson John Loewen declined to say whether they would would be willing to pick up the losses "as part of their business plan" (Stevens Wild, WINNIPEG FREE PRESS, 3/4).
Fleet Center, Fleet Forum and Fleet Garden "seem to be the final three" possibilities for name of the former Shawmut Center/New Boston Garden, according to the BOSTON GLOBE's Will McDonough. McDonough says the sooner Fleet completes its deal for, the better for Garden officials. "There is work to do with the new building on line to open in September, and the owners must get a new logo and new signage ready" (BOSTON GLOBE, 3/4).
Buffalo's Pilot Field will be renamed after corporate sponsor Pilot Air Freight Corp. failed to make its annual payment for the naming rights to the stadium. Pilot Air Freight had pledged about $1M to name the field Pilot Field, but failed to make its annual $51,000 payment to retain the rights. The city plans to resell the rights to another sponsor (PHILADELPHIA DAILY NEWS, 3/3). The field is home to the AAA baseball Buffalo Bisons.