SBD/6/Facilities Venues

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  • DEAL FOR NEW ARENA IN WINNIPEG "RAZOR THIN"

         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).
    

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  • IT'S ALL IN A NAME: FLEET WILL BE A PART OF THE NEW GARDEN

         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).
    

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  • WANT TO BUY A NAME? "PILOT" FIELD'S DAYS ARE NUMBERED

         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.
    

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