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DEVOS FAMILY BUSY WITH POSSIBLE NEW FACILITY/FACELIFT
In Orlando, the DeVos family is looking to build a multipurpose training and practice facility to accomodate its NBA and IHL franchises. The facility would include an ice rink and health club open to the public, a basketball court, and office space for the Magic and Solar Bears. Although no timetable has been set, they are looking to the north side of Orlando (George Diaz, ORLANDO SENTINEL, 7/6). FACE LIFT FOR O-RENA: The Orlando Arena will be shut down for six weeks in August to install 1,000 seats to the lower bowl, expand locker rooms and put in a new ice-making system. The cost is estimated at $4M and will be paid for mostly by the DeVos' (Dan Tracy, ORLANDO SENTINEL, 7/6). -
DOME DEADLINE COULD PROVE LUCRATIVE FOR RAMS
The Rams could collect "millions of dollars" from FANS Inc. if the new St. Louis dome is not ready for the team's first two games scheduled there (October 22 & November 12), according to Lorraine Kee of the ST. LOUIS POST-DISPATCH. Those terms are in the closing agreement signed last week after the Rams sought "assurances" that the $260M stadium would be completed on time. The only "extenuating circumstances" would be a major fire, severe weather, an earthquake or "war, civil riot or insurrection." According to FANS Inc.'s Thomas Eagleton, the Rams "felt they were at a significant risk if the stadium wasn't completed on time." The team reportedly sought a sum "considerably larger" than $1M, but it was "negotiated downward." The Rams also sought and received guarantees on the sale of luxury boxes and club seats. FANS must sell 95 luxury boxes by August 31. FANS has already sold 75. If they do not, the St. Louis Convention and Visitors Commission will have to pay for each vacant suite for five years and each vacant club seat for three years, or until sold (ST. LOUIS POST-DISPATCH, 7/6).
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FINANCING FOR NEW TIGER STADIUM SET BACK
MI Gov. John Engler's rejection of casino gambling as a funding methid for a new Tigers' stadium last week "set back" the team's latest efforts. The Tigers believe they must get started building this year "or they'll lose still another season of playing in a new stadium." In his column in the DETROIT FREE PRESS, Bob Talbert reports that a source close to Tigers/Little Caesars/Red Wings Owner Mike Ilitch said that "if they can't start now, the Tigers will be forced to move." Talbert writes that if a new stadium is rejected this time, "don't be surprised to see Ilitch move not only the Tigers out of Detroit but the Little Caesars headquarters, too" (DETROIT FREE PRESS, 7/2).
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ISLANDERS BEGIN TO REBUILD; NEW ARENA IN THE FUTURE?
Islander ownership is watching with "keen interest" the Devils' problems in New Jersey, according to Peter Botte in this morning's N.Y. POST. Yesterday, Islander CEO Bob Rosenthal said the team is going to take "prudent, calculated" steps to rebuild the franchise. One of which is to "address the Nassau Coliseum as a facility." Rosenthal: "We need either a dramatic renovation or a new facility to make us competitive for our fans, for this franchise." Rosenthal stressed that the team was "not moving," however, with so many cities "willing to embrace and invest" in a pro team, they "expect the same" from the county, Long Island and the state. Rosenthal said the team has had "good and ongoing" discussions with Nassau County Exec Thomas Giulotta about a new building -- either adjacent to the existing Coliseum or in the Belmont Park area. But he also noted that "bare- scratch minimum refurbishments," including renegotiating the existing lease, are "critical" to being competitive in what remains for now a three-team market. If a new building is not possible Rosenthal believes that, "at the very least," they need to upgrade their exisiting site by increasing seating capacity, adding more luxury boxes and improving various amenities (N.Y. POST, 7/6).
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TALKS OF NEW ARENA IN SAN ANTONIO "PREMATURE"
Spurs President Jack Diller said yesterday that talk of the team wanting its own arena was "premature," according to today's SAN ANTONIO EXPRESS-NEWS. San Antonio Mayor Bill Thornton also "continued to insist" that the Alamodome should be the team's home. Spurs Chair Robert McDermott, who was quoted Wednesday calling the dome "unsuitable," said he "didn't have a time frame" on needs for a new arena, nor whether it would have to be publically financed. McDermott: "In other cities, it has been attractive to private investors. Hopefully, it will be here, too." Rumors the team would relocate if not given a new arena were also downplayed by one Spurs investor, USAA Property Holdings. In a statement issued by the company: "As an investor, USAA remains committed to keeping the Spurs in San Antonio and we believe the franchise can operate successfully in the Alamodome for the forseeable future." Mayor Thornton said he asked Diller two weeks ago whether his goal was "financial security or construction of a new arena." Thornton: "His answer was quick and clear: Their goal was to make the team financially secure based on regular-season revenue" (SAN ANTONIO EXPRESS- NEWS, 7/6). In a release, Diller said, "Spurs management is currently working with city officials to try to find ways for the Spurs to remain financially viable in the Alamodome. Until every such avenue has been fully explored it would be premature to discuss the need for any alternative facility" (Spurs).




