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  • BOSTON HOTELIERS BACK TAX FOR NO-STADIUM MEGAPLEX

         Hoteliers in Boston said yesterday that they will
    "reluctantly back a hotel tax hike to help finance a new
    convention center, but not if a stadium is part of the plan,"
    according to this morning's BOSTON HERALD.  The group prefers a
    "shelf tax" -- which would go into effect only if the convention
    center failed to generate enough new revenue to cover costs --
    rather than a direct increase.  Greater Boston Convention and
    Visitors Bureau President Patrick Moscaritolo:  "The industry
    wants to be responsive and is willing to talk about alternative
    financing plans, but they all believe the domed stadium element
    benefits the sports and entertainment industries, not the
    convention industry" (Phil Primack, BOSTON HERALD, 5/3).
         MEGAPLEX NOT SO LUCRATIVE?  Price Waterhouse consultant
    David Peterson has offered state megaplex commission officials
    evidence that the facility would "break even at best and would
    more likely fall substantially short of paying for itself."  The
    report indicates that the convention center linked to a domed
    stadium would cost between $51-74M a year in debt service, yet
    would only generate $53M a year in increased tax revenue.
    Commission Co-chair Kevin Fitzgerald said Peterson did nothing to
    cause the panel to abandon its efforts on behalf of the megaplex,
    but others have concerns.  Marisa Lago, chief of economic
    development for Boston Mayor Tom Menino:  "Today's information
    was certainly sobering."  While it appears likely that plans for
    a "stand-alone" convention center will proceed, the future for
    the megaplex is less certain because most of the football revenue
    would be generated by local residents who don't bring new money
    to the state (Richard Kindleberger, BOSTON GLOBE, 5/2).
         COMMISSION SEEKS PR FIRM:  The megaplex commission is
    looking for a public relations firm to promote it.  The four
    reportedly being considered:  Rasky & Co., Regan Communications,
    Burnieika, Bearfield and Emerson, and Copley Communications (Joan
    Vennochi, BOSTON GLOBE, 5/3).
    

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  • TAMPA BAY OFFICIALS STILL "FAR APART" ON MONEY FOR DOME

         Officials from Pinellas County and St. Petersburg are still
    "far apart" on how to come up with $20M of the $50M needed to
    renovate the ThunderDome.  County commissioners, who are facing a
    Tuesday deadline to decide how to pay the $20M, met yesterday to
    try to agree on as many as eight financing options proposed by
    county and city leaders.  Nothing was agreed upon, however, and
    the commissioners will meet again on Friday (Carlos Moncada,
    TAMPA TRIBUNE, 5/3).
         PSL'S COULD BE COMING TO TAMPA:  The Greater Tampa Chamber
    of Commerce's stadium task force said yesterday that it is
    "seriously considering" using permanent seat licenses to help pay
    for stadium improvements.  According to Tampa Sports Authority
    Chair Chuck Davis, the "major advantage" of using PSL's would be
    be to decreases taxpayers' share of stadium improvements.  Costs
    for renovations are estimated at $100M (Jim Kenyon, TAMPA
    TRIBUNE, 5/3).  In wanting to use PSL's, the task force also
    expressed interest in hiring sports marketing consultant Max
    Muhleman to implement the plan.  According to Muhleman, the "key"
    question would be "not whether the stadium is new or improved,
    but whether fans can get a 'seat and entertainment opportunity
    superior to what they have' now."  Other key considerations are
    the cost of the improvements and the community's ability to sign
    Bucs owner Glazer to a long-term lease.  According to the TSA's
    Davis, Glazer "might be more willing to commit himself to a 30-
    year lease at a new stadium than at a renovated facility"
    (Richard Danielson, ST. PETERSBURG TIMES, 5/3).
    

    Print | Tags: Facilities, Tampa Bay Buccaneers
  • TEXAS LEGISLATION COULD PROVIDE NEW HOMES FOR TEXAS TEAMS

         Oilers owner Bud Adams, Cowboys owner Jerry Jones and
    Rockets minority owner Gary Bradley were all in Austin Monday to
    show support for a measure sceheduled to ge before the Senate
    that would allow cities to designate enterprise zones that would
    direct tax revenues toward building a new stadium or arena.  TX
    State Sen. Royce West, the sponsor of the bill, withheld it from
    consideration Monday as he was concerned about getting enough
    support for a floor vote.  West:  "It allows us to expand out
    sports venues, and more people will attend them. ... Take the
    Oilers and the Cowboys, they don't have sufficient capacity to
    host a Super Bowl.  If you look at the last Super Bowl in
    Florida, that state gained benefits of $264 million.  Those are
    dollars I want to see in Texas."  In addition, officials of the
    Rangers and Astros have voiced opposition to the measure.  West
    hoped to see it before the Senate this week.  State Rep. Curtis
    Seidlits is sponsoring a similar bill which is still pending
    before the House (John Williams, HOUSTON CHRONICLE, 5/2).
    

    Print | Tags: Anheuser Busch, Dallas Cowboys, Edmonton Oilers, Facilities, Houston Astros, Houston Rockets
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