Adelson Ready To Walk Away From Raiders Plan Developers Exploring Arena Near Scottsdale Facility Notes Hansen Group Offers To Fund Seattle Arena Privately Chargers Have L.A. Options If Ballot Measure Fails Yankee Stadium Adding Social Gathering Areas Plans Revealed For Phase II Of Ballpark Village Sources: Fortress Backing Lott-Raiders Group Facility Notes San Diego Voters Still Skeptical Of Stadium
BREWERS' DEBT "COMPLICATING" STADIUM TALKS
Published July 31, 1995
"One of the factors that has shaped and complicated efforts to cut a stadium deal between government leasers and the [Brewers] has been the team's undisclosed but sizable debt," according to Craig Gilbert of the MILWAUKEE JOURNAL SENTINEL. Sources close to negotiations say there are a number of ways the team's financial condition is bearing on the talks. Among them: It has restricted what the team says it can pay toward the cost of a new stadium; 2) It has created a second issue beyond the stadium itself: how to help the club weather its ongoing cash flow problems; 3) It has fed the urgency of the talks. The Brewers claim that every "delay" in the completion date of a new stadium puts it deeper in the red. Debt estimates for the team range from $30M to $55M (MILWAUKEE JOURNAL SENTINEL, 7/30).