Learfield Buys Signage Company GoVision Vikings' HQ Complex To Cost $80-90M IMS Building Small Dirt Track For Retiring Stewart Padres HOF Opens Friday Without Selig Name Levi's Stadium Gets Safety Designation Facility Notes Bills In No Rush On New Stadium Braves, Falcons Pitch New Stadiums At Same Time Colorado Facilities Projects Nearly Complete Santa Ana E-Sports Venue Marks A First For U.S.
SIX TEXAS SPORTS TEAMS JOIN TO BACK ARENA BILLS
Published April 6, 1995
Six professional teams in Texas have joined an effort to back state legislation that could help finance or renovate arenas or stadiums. The Mavericks, Stars, Cowboys, Rockets, Oilers, and Spurs have formed the Pro Sports Association, a group that will push bills to "allow cities to create special tax districts around sports facilities." The teams state the districts are needed to keep teams in the state, and help attract large events such as the Super Bowl, Olympics, and All-Star Games to the area. Two state lawmakers have sponsored tax zone bills which would allow municipalities to create special "sports facility enterprise zones" around an arena or stadium. Such a zone would "spur development" by offering tax abatements and other incentives, and any tax revenues could be reinvested in the facility or used to pay off bonds that financed it. The money "would be managed by a sports authority that the state and municipality would appoint jointly" (Sylvia Martinez, DALLAS MORNING NEWS, 4/5). A KEY TO DALLAS' DOWNTOWN? A full-page editorial in yesterday's DALLAS MORNING NEWS focuses on "Downtown Dallas" and possible ways to revitalize the city. On a downtown sports arena, the paper urges city officials to "pull out all the stops to make sure professional sports remain in downtown Dallas." Legislation that "would permit the city to assess fees and taxes on arena users is a step in the right direction" (DALLAS MORNING NEWS, 4/5).