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  • CORPORATE HELP COULD BE NEAR FOR MEGAPLEX

         A special commission drafting legislation to construct the
    megaplex in Boston is "nearing agreements with several
    corporations" that could bring $90M or more to the project,
    according to Richard Kindleberger of the BOSTON GLOBE.  A source
    close to the panel said earlier this week that agreements with
    two corporations are "close to being nailed down," and a third
    company has expressed "strong interest" in participating.  The
    commission's timetable calls for the Legislature to approve the
    project before lawmakers break for their summer recess.  But
    "key" legislators say such action is "extremely unlikely" without
    evidence of the corporate investment that backers of the project
    acknowledge is "critical to its success."  Commission member
    Peter Larkin said a corporate commitment of $90M "would be a
    tremendous boost" to the project (BOSTON GLOBE, 6/13).
    

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  • GOVERNOR WARNS CLEVELAND THEY MAY LOOSE TEAM OVER FINANCING

         OH Gov. George Voinovich said Monday that if Cleveland Mayor
    Michael White and the City Council "don't stop arguing over how
    to pay for fixing up the Stadium, the city will find itself
    without a football team and stuck with 'a hulk' that needs to be
    torn down," according to the PLAIN  DEALER.  Voinovich "urged
    Cleveland's leaders to get their act together -- before it is too
    late."  Voinovich said leadership must come from Mayor White and
    City Council President Jay Westbrook -- and urged the two to come
    up with a mutual plan (Cleveland PLAIN DEALER, 6/13).  In an
    analysis in Sunday's PLAIN DEALER, Stephen Koff writes that the
    "distrustful" relationship between White and the City Council
    "has the potential to hurt efforts to keep the Browns from
    skipping town" (Cleveland PLAIN DEALER, 6/11).
    

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  • WHAT ABOUT US? VIKES AND TWINS WANT BETTER DEALS

         As a result of a "state-backed" $15M effort to help bring an
    NHL franchise to MN, the Vikings and the Twins are left asking,
    "What about us?," writes Jay Weiner in the Minneapolis STAR-
    TRIBUNE.  Due to the fact that the Vikings have 17 years left on
    their Metrodome lease, Weiner reports the Twins will likely be
    the next focus of attention as they are the "next pro sports
    crisis on the horizon" with their lease expiring after '98.
    Weiner: "Simply put, the Twins and Vikings want to squeeze more
    money out of the Dome and out of the [Metropolitan Sports
    Facilities] commission."  Twins President Jerry Bell is aware of
    his position and is looking closely at a bill before the
    Legislature that calls for the use of income tax revenues to pay
    off bonds that could be used to purchase the Jets.  Bell: "I
    don't have anything too specific in mind now, but I intend to
    have something in the near future."  Weiner notes studies by the
    NFL show the Vikings have the second-highest tax bill and the
    sixth-highest rent in the league.  Also, in addition to having
    the "poorest concessions deal" in the NFC Central, the Vikings
    were 27th out of 28 NFL teams last season in revenues gained from
    net ticket sales.  Vikings President Roger Headrick said about
    the team's Metrodome lease, "A deal's a deal," but also said he
    has had "15 to 20" meetings with MSFC leaders without one
    "voluntary offering" of help from MSFC Chair Henry Savelkoul.
    Denying his statement is a threat to move the team, Headrick
    stated, "You know, the Rams had a deal in Los Angeles and St.
    Louis paid it off.  There is an opening in Los Angeles right now
    for an NFC team" (Minneapolis STAR-TRIBUNE, 6/14).
    

    Print | Tags: Facilities, Minnesota Twins, Minnesota Vikings, New York Jets, NFL, NHL, St. Louis Rams
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