Braves' Naming-Rights Deal Worth $10M Annually Sources: NYC FC Eyes Aqueduct Area Mickelson To Design Calgary Golf Course Facility Notes Amalie Looks To Capitalize On Lightning Deal SunTrust Buys Braves Ballpark Naming Rights Red Wings To Unveil Latest Drawings Of New Arena NFL Supports Commission Of HOF Village 49ers Look To Improve Traffic Flow At Levi's Michigan Proposes $168M Facilities Project
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LIGHTNING HOPE TODAY'S THE DAY FOR FINALIZATION OF NEW ARENA
Published June 26, 1995
The Tampa Sports Authority (TSA) today is expected to approve an agreement that would guarantee funding for a new facility for the Lightning to be completed by '96-97 to be owned by TSA, but managed and operated by the team. Financing includes five sources: A team-state partnership for annual advances on sales taxes accruing from arena income; a $.50 surcharge on each ticket sold and 10% on luxury box leases; the one-fifth cent of the tourist tax; the city's guarantee of parking revenue from a proposed garage next door; and the city's guarantee of $250,000 a year for 30 years, to be paid through a $.25 surcharge on arena events (Tom McEwen, TAMPA TRIBUNE, 6/25).