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NHL SLOWS LIGHTNING ARENA DEAL
Published July 25, 1995
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).