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TSA MEMO DETAILS THE FINANCIAL NEED FOR A NEW STADIUM
Published May 12, 1995
In a handwritten memo, TSA Exec Dir Rick Nafe details the financial need for a "new or vastly improved stadium" to keep the Bucs in Tampa, according to this morning's ST. PETE TIMES. According to the memo, Bucs owner Malcolm Glazer "stands to lose" $13-15M a year if the team continues to play in the current Tampa Stadium. And this estimate requires a sell-out for every home game. Part of that financial burden is based on the team's "increased expenses" incurred by $130M Glazer reportedly plans to borrow to buy the team (Richard Danielson, ST. PETERSBURG TIMES, 5/12).