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TAMPA BAY OFFICIALS STILL "FAR APART" ON MONEY FOR DOME
Published May 3, 1995
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).