Authority Member Blasts Penguins Civic Arena Efforts Canucks Set To Debut Bar At Rogers Arena Indian Wells Renovation Nearing Completion Kentucky Gov. Discusses Yum! Center Plan Billboards Outside Nationals Park Pass First Vote Reebok Confirms Move Of HQ To Boston South Carolina Looking At Stadium Upgrades? Chargers Continue Exploring Stadium Options Louisville AD: School Unwelcome At Yum! Center Clock Ticking For Oakland On Raiders Deal
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).