Bengals, County Reach Stadium Upgrades Deal ECHL Wranglers Won't Play On Rooftop Barclays Center, MSG Rivalry Heating Up Facility Notes Lexington Mayor Pushing Forward On Rupp Upgrades Purdue Upgrading Ross-Ade Stadium NHL Jets May Add Seats At MTS Centre MLB Facility Notes A's Negotiating 10-Year Coliseum Lease Big East Signs Lease For New HQ
Upcoming Conferences and Events
STUDY SHOWS PUBLIC NOT HAPPY ABOUT TAX MONEY FOR MEGAPLEX
Published May 30, 1995
A poll conducted by MA's Clark Univ. reveals that "by strong margins" voters oppose using tax dollars to pay for a Boston megaplex, with an even more "overwhelming majority" against public financing of sports stadiums, according to the BOSTON HERALD. Of those polled, 53% agree that megaplex financing "should be completely in the hand of private investors with no help from the state government" (Phil Primack, BOSTON HERALD, 5/30). Paul Much, who is advising the megaplex commission, said the lease agreement negotiated with the Patriots is an "attractive deal" for the state. In addition to his $5M annual payments to the state, Patriots Owner Robert Kraft has agreed to cover operating costs for the proposed domed stadium. In his commission report, Much states that it is "highly unlikely" the facility can be built without state funding, and he suggests approaching corporate partners. ITT is currently considering a $100M investment in the megaplex, and the state has also contacted AT&T, Fidelity Investments, General Electric, and Gillette (Meg Vaillancourt, BOSTON GLOBE, 5/27). Gov. William Weld has even gone as far as to say he might "scuttle" the entire project if a statewide tax is part of the deal, according to Friday's BOSTON HERALD. Weld: "Anyone who is saying that Weld and [Lt. Gov. Paul] Cellucci have to break their no-new-taxes pledge is really saying 'We don't want this deal to go'" (Phil Primack, BOSTON HERALD, 5/26).