SBD/17/Facilities Venues

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  • CONVENTION CENTER COMMISSION WANTS MORE MONEY FROM KRAFT

         Members of the MA special convention center commission told
    Patriots Owner Robert Kraft that he "must be willing to pay more"
    toward the construction of a stadium, according to today's BOSTON
    HERALD.  Sources say that Kraft's initial offer was between $60M-
    70M.  Meanwhile, citing the MA Lodging Association's "renewed
    opposition" to any hotel tax hike to pay for a megaplex and Gov.
    William Weld's pledge to veto any statewide tax hike to help
    finance the facility, MA House Ways and Means Chair Thomas
    Finneran "warned" yesterday that the dome "could doom the
    convention center."  Finneran:  "I need to hear that the
    commission has solid, substantial private financing for
    everything over and above a convention center alone."  State Sen.
    Robert Havern:  "The vast majority of the stadium costs must be
    privately paid for and we are making serious progress toward that
    end" (Phil Primack, BOSTON HERALD, 5/17).
    

    Print | Tags: Facilities, New England Patriots
  • JACK MURPHY BOLTS AHEAD WITH LEASE RENEWAL AND RENOVATIONS

         The Chargers have extended their lease agreement with the
    city of San Diego and Jack Murphy Stadium through 2020.  Included
    in the agreement are plans to expand the capacity of Jack Murphy
    to accommodate more than 70,000 fans (Chargers).  The deal will
    net the Chargers 10,582 new general admission seats, 26 new
    luxury suites, two new scoreboards, and a "state-of-the-art off-
    site" practice facility, according to the SAN DIEGO UNION
    TRIBUNE.  The city will be responsible for $60M in revenue bonds,
    with a yearly retirement fee of $7M, and a commitment to
    guarantee the sale of 60,000 seats per game for the life of the
    deal. In return, the Chargers agree to an average of $5M in lease
    payments to the city each season.  All renovations are set to be
    completed by the time San Diego hosts Super Bowl XXXII in '98
    (Barry Bloom, SAN DIEGO UNION TRIBUNE, 5/16).
    

    Print | Tags: Facilities, San Diego Chargers
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