College Football HOF To Open On Budget Legends-Forest City Deal For Nassau Breaks Down Baylor Hosts Media Tour Of McLane Stadium HOK Acquires 360 Architecture For Undisclosed Price HOK Acquires 360 Architecture For Undisclosed Price Heat An Unforeseen Issue At Levi's Stadium Facility Notes Levi's NFL Debut Goes Off Without A Hitch Chargers, City Officials Exploring Joint Stadium Documents Detail What Braves Sought For Ballpark
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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).