Lions Building Premium Club Next To Players' Tunnel Bucks Arena Financing Deal Imminent Wizards Should Know Location For Practice HQ Soon Kansas State Adds Premium Football Seating Facility Notes Date Of San Diego Stadium Vote Important Levi's Stadium Seeks More "Cozy" Atmosphere UCSF Chancellor Supports Warriors' Arena Plan Beckham Meets With UM, Pols On Stadium NASCAR Drivers Pleased With SAFER Efforts
Upcoming Conferences and Events
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).