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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).