Tustin Wants To Recoup Angels Ballpark Investment New Maple Leaf Square Name Skips Confusion AEG Seeks Extension On L.A. Stadium Project Patterson: Taxpayers Should Help With New UT Arena Stanford Teams With AT&T, Sporting Innovations Facility Notes Angels End Lease Talks With Anaheim Barclays Center Not Yet Fit For Islanders Games Brewers Face Challenge In Getting Fans Back For '15 Red Wings Break Ground On Arena Project
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).