SBD/25/Facilities Venues

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  • DALLAS TEAM OWNERS ASK FOR SPECIAL LEGISLATION BY MAY 31

         Owners from the Mavericks, Stars, and Cowboys reiterated
    their desire for legislation to "allow cities to create special
    tax districts around sports facilities."  This would allow any
    "additional" hotel and alcohol taxes from the district to help
    pay for the facility.  The Legislature is expected to take up
    arena related bills before the end of their May 31 session.  Mavs
    Owner Donald Carter, who wanted to be in a new arena by the '97-
    98 season, said he "has become frustrated by the whole affair,"
    but that he is not "ready to break off negotiations yet" (Sylvia
    Martinez, DALLAS MORNING NEWS, 4/22).
    

    Print | Tags: Dallas Cowboys, Dallas Mavericks, Dallas Stars, Facilities, Southwest Sports Group
  • DEVELOPER FLOATS PLAN FOR PRIVATELY- FINANCED DOME FOR BEARS

         Chicago developer Stein & Co., currently managing the $675M
    expansion of the city's McCormick Place convention center, is
    "floating" a proposal to build a domed stadium at the convention
    center requiring "at most, a modest public subsidy," according to
    the latest issue of CRAIN'S CHICAGO BUSINESS.      The plan comes
    just two weeks after Bears Owner Michael McCaskey said he will
    seek state funding to cover 2/3 of the cost for a $285M new
    stadium in the suburbs.  CRAIN'S writer Jeff Borden reports that
    Stein & Co. has distributed the plan to Bears and city officials
    within the last week to 10 days and calls it "a serious setback"
    for McCaskey.  The Stein plan calls for a "state-of-the-art"
    domed facility with a natural grass surface that would be
    "transported in and out" for games.  The stadium would seat
    74,000, including 200 luxury boxes and 10,000 club seats.
    Sources estimate the dome would generate $40M-$45M/year.  Much of
    the financing for the facility would be raised through the sale
    of PSLs, with the remaining costs financed through public and
    private bonds "serviced by the in-stadium revenue stream."
    Borden reports that the stadium would increase Bears stadium
    revenues from the $5.5M/year they now receive at Soldier Field to
    $12M-$15M/year.  Stein & Co. has overseen construction of the
    United Center and is currently involved in the Jaguars' stadium
    renovation (CRAIN'S CHICAGO BUSINESS, 4/24 issue).
    

    Print | Tags: Chicago Bears, Facilities, Jacksonville Jaguars
  • MARINERS NEED GRIFFEY AS THEY FACE 0-2 HOLE AS SEASON OPENS

         The "long-term future of baseball in Seattle" is being
    debated in Olympia this week, according to Angelo Bruscas in this
    morning's SEATTLE POST-INTELLIGENCER.  The "score on financing a
    new stadium is deadlocked with the Mariners at bat and two
    strikes already against them."  If the team fails in the
    Legislature, they face few options when the  Kingdome lease
    expires after '96.  The two proposals before the Legislature
    consist of funding a new $250M stadium with King County-wide 0.1%
    sales tax (that would need voter approval), or finance the
    project "through a rebate" of 0.1% to the county from sales taxes
    already collected, not subject to a referendum.  If the
    Legislature fails to reach an agreement during their special
    session, the Mariners have said "they will start looking
    elsewhere for a new home."  The team is concerned that a local-
    option tax increase would not pass a public vote (SEATTLE POST-
    INTELLIGENCER, 4/25). The chances of the Mariners moving,
    possibly to Orlando, is examined by Tom Farrey of the SEATTLE
    TIMES.  Farrey writes that FL developer Norton Herrick's interest
    in buying the team might previously have been "cause for civic
    panic," but it's a "buyer's market now."  Farrey also notes
    "competition from other leagues" as factor working against a
    Mariner's move.  The NHL is planning to expand, and Arena
    Football, Major League Soccer and the UBL all are "moving into
    growth markets and absorbing civic funds" (SEATTLE TIMES, 4/24).
    

    Print | Tags: Facilities, NHL, Seattle Mariners
  • MOAG READY TO BUCK NFL ON BEHALF OF SPURNED BALTIMORE

         Maryland Stadium Authority Chair John Moag is profiled in
    this morning's Baltimore SUN.  Moag, who recently took the
    position, has taken a more aggressive stance than his
    predecessor, Herbert Belgrad.  Moag is considering a lawsuit
    against the NFL to help push the league toward putting a team in
    Baltimore.  SUN writer Jon Morgan calls Moag "a brash,
    politically connected Washington lobbyist who acknowledges more
    familiarity with the halls of Congress than the politics of the
    NFL."  Moag says that Baltimore's record of "currying favor" with
    the league in trying to obtain a team was appropriate when trying
    to land an expansion franchise, but "may not suit a city trying
    to pry a team out of its hometown."  Moag says if a team does not
    commit soon, the state's stadium fund may go to other uses   --
    one reason for his suggestion that a basketball-hockey arena may
    be an option.  Moag:  "You have to look at everything.  With the
    time constraints I think we have politically, and the patience of
    our fans, I think a new strategy is required" (Baltimore SUN,
    4/25).
    

    Print | Tags: Facilities, NFL
  • NAMOLI DRAFTS LETTER TO MLB ASKING FOR RENOVATION EXTENSION

         Devil Rays Owner Vince Namoli has indicated he is writing
    MLB to ask that the league push back their "fast-approaching
    deadline" for an agreement on renovations to the ThunderDome,
    according to David Rogers in this morning's ST. PETERSBURG TIMES.
    MLB had said earlier in the month that the "final package" to
    finance about $50M worth of improvements to the Dome had to be in
    place by April 30.  However, the earliest the St. Petersburg City
    Council could complete action is May 9.  The city council is
    expected to pass financing on the stadium renovations, which
    would be paid for by a penny increase in the Pinellas County
    tourist tax (David Rogers, ST. PETERSBURG TIMES, 4/25).
    

    Print | Tags: Facilities, MLB, Tampa Bay Rays
  • PHILLIES PUT IN LONG AWAITED NEW TURF

         The artificial turf at Veterans Stadium in Philadelphia,
    "called the worst" by many in baseball and football, has been
    replaced by "something bright and shiny and new."  The project
    cost the city $1.85M to complete.  The Turf was made by AstroTurf
    in Dalton, GA (Michael Bamberger, PHILADELPHIA INQUIRER, 4/25).
    

    Print | Tags: Facilities
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