SBD/11/Facilities Venues

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  • BOSTON MEGAPLEX SITES EXAMINED; BOB KRAFT PLAYS TOUR GUIDE

         The special convention center commission investigating a
    possible Boston megaplex said yesterday that both Summer Street
    in South Boston and CrossTown in Lower Roxbury "can be made to
    work."  The commission learned both sites have "environmental,
    traffic and other pluses and minuses" but nothing has surfaced to
    disqualify either location (Phil Primack, BOSTON HERALD, 5/11).
    With recommendations due by the commission on June 1, the the
    development team "pushing" CrossTown announced that Lehman
    Brothers had agreed to underwrite their bonds and Cruz
    Construction Co. and Suffolk Construction Co. have "signed on" as
    construction partners (Richard Kindleberger, BOSTON GLOBE, 5/10).
         PATRIOTS GETTING ANTSY?  The commission toured Foxboro
    Stadium with Patriots Owner Robert Kraft and came away with the
    impression that Kraft may "move the Patriots if no new stadium is
    built."  Kraft described Foxboro as "charming" but "economically
    obsolete."  State Sen. Robert Travaglini: "(Kraft) made it
    abundantly clear to us that if the present conditions do not
    change, they leave.  I fully believe that and the thought
    frightens me" (BOSTON HERALD, 5/11).
         CLEVELAND ON THE CHARLES?  The Red Sox are looking at
    Cleveland's Jacobs Field as a model of how to build/finance a new
    stadium (Nick Cafardo, BOSTON GLOBE, 5/11).
    

    Print | Tags: Boston Red Sox, Facilities, New England Patriots
  • CHICAGO POLL: BURBS, CITY AGREE -- NO MONEY FOR 'DA BEARS

         A survey conducted for this week's CRAIN'S CHICAGO BUSINESS
    (302 city and suburban residents from April 27-30) shows that
    residents in both the city of Chicago and its suburbs agree that
    the state should not help pay for a new stadium for the Bears.
    Bears Owner Michael McCaskey has said he will ask the state to
    help him pay for a $285M stadium in the suburbs and has chosen
    two possible sites for a facility.  74% of city residents and 79%
    of suburban residents said no to the plan.  Pollster Leo Shapiro
    blamed widesweeping opposition to the plan on the team's failure
    "to communicate the contribution they make to the community"
    (Judith Crown, CRAIN'S CHICAGO BUSINESS, 5/8-14 issue).
    

    Print | Tags: Chicago Bears, Facilities
  • LEGISLATORS TO VOTE BY FRIDAY ON SEATTLE STADIUM TAX PLAN

         WA lawmakers are hoping to vote by Friday on a bill that
    would allow the King County Council to raise the county sales tax
    by .1 cent according to the Tacoma MORNING NEWS TRIBUNE.  This
    legislation would create the $27M a year necessary to build a
    proposed $280M retractable roof stadium for the Mariners.  The
    bill would also "provide enough money" to finance ceiling and
    roof repairs on the Kingdome.  According to State Rep. Steve Van
    Luven, the bill would, among other things, establish a "public
    facilities district to build and operate" the stadium; require
    the Mariners to pay $45M of the cost over 20 years; require the
    Mariners to sign a 20-year lease; require the Mariners to play at
    least 90% of their home games there; and finally, the bill the
    new ballpark is to have a "retractable roof and real grass."
    Unlike prior proposals, this deal would not include direct state
    participation, though Mariners officials have not "given up hope"
    on state money.  Mariners VP Paul Isaki: "The issue of state
    participation is not entirely closed" (Peter Callaghan, Tacoma
    MORNING NEWS TRIBUNE, 5/11).
    

    Print | Tags: Facilities, Seattle Mariners
  • NEW HOME FOR BREW CREW MAY NOT COST AS MUCH AS EXPECTED

         The cost of financing a new stadium in Milwaukee "could be
    lower than previously thought," according to Craig Gilbert of the
    MILWAUKEE JOURNAL-SENTINEL.  Stadium boosters and public
    officials had been under the impression that it would take a
    "revenue stream" of $18-22M a year for the next 20 years to pay
    for the project.  Now, the governor's top cabinet official says
    those figures "are getting better."   Gilbert writes that while
    funding has been discussed, the main question remains:  "Who pays
    for it."  WI Gov. Tommy  Thompson said Monday that a stadium
    authority or district will be created to manage the entire
    process.  But Gilbert notes that that still leaves questions as
    to "How big the stadium district will be?," and "Who will sit on
    the stadium district board?" (MILWAUKEE JOURNAL-SENTINEL, 5/10).
    

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  • OAKLAND APPROVES $75M PLAN TO LURE BACK RAIDERS

         The city of Oakland's planning commission has approved a
    $75M plan to make the Oakland Coliseum more "football-friendly,"
    according to this morning's OAKLAND TRIBUNE.  This announcement
    comes as city officials continue to negotiate with Raiders Owner
    Al Davis about the team's return to the Bay area.  Davis
    reportedly "will not consider" moving the team back to Oakland
    without a "sign" that officials are serious about the stadium.
    Deputy City Manager Ezra Rapport: "We want to make sure there are
    no impediments to a successful conclusion of ongoing
    negotiations."  While planners have signed off on the deal, the
    Oakland City Council and the Alameda County Board of Supervisors
    still must "agree" to sell bonds to finance the construction
    (Salladay & Ronningen, OAKLAND TRIBUNE, 5/11).
    

    Print | Tags: Facilities, Oakland Raiders
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