Revenue Up For Sun Life Stadium In FY '14 CSU Panels Supports On-Campus Stadium Virginia Beach Reaches Deal To Build $200M Arena Facility Notes Avaya-Earthquakes Deal Worth $20M Renovated Citrus Bowl Open For Business Mavericks Installing High-Tech Camera System Facility Notes Mets Will Move In Citi Field Fences Bucks, UWM Meet About Future Of Panther Arena
MEGAPLEX LOOKING TO GENERATE REVENUE THROUGH SPECIAL TAXES
Published May 31, 1995
MA state officials behind plans for a South Boston megaplex stated yesterday that they could "cover at least half" of the estimated $80M annual cost by levying new "fees or taxes" on hotel rooms, rental cars, airplane tickets and other tourist industries, according to the BOSTON GLOBE. It is still unclear whether Gov. William Weld will support this measure in light of his pledge to veto any megaplex that contained what he considered to be tax increases (Peter Howe, BOSTON GLOBE, 5/31). Naming rights for the megaplex promise to generate as much as $15M to $20M over 10 years, according to Steff Gelston of the BOSTON HERALD. Officials from both John Hancock and Reebok have stated they aren't interested in the sponsorship. David D'Alessandro, a senior exec with John Hancock, even said he can't imagine why national companies like Gillette or ITT Sheraton would be interested. D'Alessandro: "Any national player who decides to do it is doing it out of ego and not out of business sense" (Steff Gelston, BOSTON HERALD, 5/31).