SBD/22/Facilities Venues

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  • ATLANTA MAYOR HOPEFUL HAWKS LOCATE NEW ARENA DOWNTOWN

         Atlanta Mayor Bill Campbell is "optimistic" the Hawks will
    build their new arena downtown and spark a "renaissance" in the
    area, according to Maria Sapota and Henry Unger of the ATLANTA
    CONSTITUTION.  Sapota and Unger report the city put together an
    "excellent package" for Turner executives to review.  William
    Shaw, head of the Hawks Arena Task Force: "We continue to work
    optimistically with the mayor's office.  They have worked very
    hard on this."  The Task Force is expected to make a presentation
    to Hawks Owner/TBS Chair Ted Turner soon, perhaps as early as
    next week (ATLANTA CONSTITUTION, 6/22).
    

    Print | Tags: Atlanta Hawks, Facilities, TBS/TNT, Time Warner
  • DOMED STADIUM IS ANOTHER OPTION FOR THE METS

         Mets Co-Owner Fred Wilpon has a "much more advanced" plan
    than his partner Nelson Doubleday's desire to replace Shea
    Stadium with a retractable dome ball park and construct an
    adjacent futuristic entertainment complex, according to Richard
    Sandomir in the N.Y. TIMES.  In a conversation with Charles
    Gargano, Chair of the NY Urban Development Corp., Wilpon said
    Doubleday's Belmont Park plan has hardly been discussed and
    stated further, "We're perfectly happy at Shea, and we don't want
    to go anywhere" (Richard Sandomir, N.Y. TIMES, 6/22).  Paul Moran
    writes, "Doubleday's idea is worth exploring.  The core of
    Belmont must be preserved, but the fringes of its vast property
    are expendable and the property is much too large for its current
    use" (NEWSDAY, 6/22).  Joe Gergen writes, "That the Mets are
    preparing to abandon the facility is not exactly news. ... There
    is a chance that by the start of the new century New York City
    will be without a major-league baseball team" (NEWSDAY, 6/22).
    Bob Glauber notes that the Jets' Meadowlands lease runs through
    2008, making them unlikely to join the Mets in a new stadium in
    "the foreseeable future" (NEWSDAY, 6/22).  Denene Millner and
    Jane Furse note in the N.Y. DAILY NEWS New York Mayor Rudy
    Giuliani said he would "make certain" the Mets stay in New York
    City (N.Y. DAILY NEWS, 6/22).
    

    Print | Tags: Facilities, New York Jets, New York Mets
  • NEW STADIUM COULD TRANSLATE INTO A $100M BILL FOR TAMPA

         Tampa Stadium Authority Chair Chuck Davis said Wednesday
    that local business told him the TSA "probably" won't be able to
    raise half of the estimated $168M stadium cost through the sale
    of PSLs, as they had hoped, report Joe Henderson and Kevin Walker
    in the TAMPA TRIBUNE.  A report from sports marketer Max
    Muhleman, to be ready in about a month, will outline how much the
    area can reasonably expect to raise through PSLs.  Henderson and
    Walker report the project could have "nearly $100M in unfunded
    needs," with the "most talked-about" funding options being a
    restaurant tax, an increase in the hotel tax, ticket surcharges
    or a utility tax.  Stadium backers have acknowledged taxpayer
    support will be needed, but had hoped it would be $70M or less.
    Hillsborough County Commissioners agreed Wednesday to give Bucs
    Owner Malcolm Glazer a break on the rent if attendance falls
    below 55,000 per game and offer him concession and parking
    profits if attendance is above 55,000.  That should allow Glazer
    to wrap up his purchase of the team.  NationsBank has delayed
    closure on the deal pending those financial guarantees (TAMPA
    TRIBUNE, 6/22).  Columnist Tom McEwen writes, "So the Buc ship is
    better rigged and appears to be back on course" (TAMPA TRIBUNE,
    6/22).  Pat Yasinskas writes that the NFL, through the Raiders,
    is sending a message to which Bucs supporters may want to pay
    attention, "It's no longer difficult to relocate an existing
    team" (TAMPA TRIBUNE, 6/22).
    

    Print | Tags: Bank of America, Facilities, NFL, Oakland Raiders, Tampa Bay Buccaneers
  • REDS AND BENGALS MAY GET NEW STADIUMS UNDER TAX PROPOSAL

         The Reds and Bengals may get new stadiums under a $540M
    proposal to raise the Hamilton County sales tax but reduce
    property taxes, according to the CINCINNATI ENQUIRER.  The 20-
    year tax increase, from 5.5% to 6.5%, would be imposed without a
    public vote, and would generate an estimated $100M annually.
    This revenue would be used for a $540M stadium complex, special
    levies now being paid by county property owners, and a 300-bed
    jail.  The plan will be released today by County Commissioner Bob
    Bedinghause, and will roll back property taxes by an average of
    18% annually.  Bengals Business Manager Bill Connelly:  "This is
    what Mike (Brown) has been waiting for.  We're anxious to see the
    details" (CINCINNATI ENQUIRER, 6/22).
    

    Print | Tags: Cincinnati Bengals, Cincinnati Reds, Facilities
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