Revolution Stadium Talks With UMass Break Off UNM, WisePies End Arena Naming-Rights Deal Memphis Breaks Ground on Football Facility Facility Notes Timbers Unveil Stadium Expansion Plan Baltimore Mayor, Stronach Group Want Pimlico Replaced No User Fee For U.S. Bank Stadium HS Games Facility Notes Officials Break Ground On Pro Football HOF Village Hotel Mercedes-Benz Stadium To Be Ready By Early August
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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).