Costs Rise For Wizards' Practice Facility NASCAR Tracks Cashing In With Non-Racing Events Bypass To Put Its Hardware In Sports Venues San Diego Chamber Endorses Chargers' Plan Sources: Ballmer Wants New Arena For Clips Vikings Select Firms To Build New HQ LAFC Mulls HQ, Complex In Tustin Beaver Stadium Capacity Likely To Get Smaller Seahawks/Sounders Looking For Naming Rights Turner Field Area Could Become College Stadium
RAPTORS FINALLY GET APPROVAL TO BUILD THEIR NEST
Published July 25, 1995
The Raptors received "overwhelming approval" from the Toronto City Council yesterday for their $200M arena project by a 13-3 margin (Don Wanagas, TORONTO SUN, 7/25). According to Raptors Stadium Project Manager Jay Cross, "If all goes according to plan," construction will begin around October 1. Robert MacLeod reports that the most "contentious part of the deal" involved a half-acre near the site that is owned by the city. The city estimates that the property is worth between C3.8-$4.5M, but, according to the deal, the Raptors "will not have to pay cash for that property." Rather, the team, which intends to turn the land over to a developer in exchange for another piece of property that the arena will be built on, will pay "in kind compensation." The Raptors will give the city 450 tickets per year for 20 years and free use of the stadium six days annually over the same period. The team will also provide C$80,000 a year for 20 years for a midnight basketball league for youths and to help establish anti-drug programs. Although the deal was "overwhelmingly approved," not all involved were pleased. Councilor Kay Gardner: "It's just like Caesar came in with his legions and all the peasants just lay down on the ground" (Toronto GLOBE & MAIL, 7/25).