SBD/25/Facilities Venues

NHL SLOWS LIGHTNING ARENA DEAL

     Last-minute demands from the NHL "scuttled" the Lightning's
planned sale today of $80M in bonds to finance their proposed
downtown arena, according to Joe Henderson of the TAMPA TRIBUNE.
The development "likely will force the Lightning's entire lease
back" to the Hillsborough County Commission this week for
"emergency action."  The league reportedly wants the right to
order the Lightning "moved to another city in case of poor
attendance at the new arena," as well as the county to "surrender
its right to sue to keep the team if the league orders it moved."
According to County Attorney Emeline Acton, the action by the
league is considered a "substantive change" in the lease
previously agreed to by the team and the county (TAMPA TRIBUNE,
7/25).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug