SBD/10/Facilities Venues

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  • AT LEAST I'M ENJOYING THE RIDE: STADIUM/ARENA NOTES

         New Jersey Assemblyman Joseph Roberts and Assistant State
    Senate Minority Leader Richard J. Codey have called for public
    hearings on NJ Sports and Exposition Authority's tentative
    agreement to "sweeten" the Devils' lease at Bryne Arena.  Both
    men complain lawmakers and taxpayers have been shut out of the
    whole process (Stephen Hirsch, Bergen RECORD, 8/10)....WI Gov.
    Tommy Thompson said the Brewers and his administration were "very
    close" to agreeing on a financial package for a new stadium,
    according to Craig Gilbert in this morning's MILWAUKEE JOURNAL
    SENTINEL.  The two sides still reportedly have "a number of
    issues -- from money to control" to work out.  Craig reports
    there is talk of a September special session for the State
    Legislature before it commences September 19.  State officials
    also disclosed they have retained a financial adviser to examine
    the team's financial records.  The consulting firm Public
    Financial Management has "looked at the Brewers' records on the
    state's behalf" (MILWAUKEE JOURNAL SENTINEL, 8/10).
    

    Print | Tags: Facilities, Milwaukee Brewers, New Jersey Devils, YankeeNets
  • LIGHTNING OFFICIALS FEEL A TOUCH OF GREY AS ARENA DEAL DONE

         "It's a done deal; it is flat done," declared Lightning
    Governor David LeFevre about the deal to have a downtown arena
    built in Tampa, according to Tom McEwen in the TAMPA TRIBUNE.
    McEwen writes the arena that is already under construction "will
    see a shift into overdrive with three crews working near round-
    the-clock" to have the facility ready for an October '96 opening.
    He also notes an extensive marketing push expected to lease the
    27 remaining luxury suites and start a club-seat licensing
    program (TAMPA TRIBUNE, 8/10).  Jeff Testerman writes the
    Lightning ownership group building the arena, Tampa Bay Arena
    Limited Partners, will deed the facility to the Tampa Sports
    Authority upon completion.  The Arena Partners will then lease
    the facility rent-free.  Arena officials will keep all revenues,
    but pay all operating and maintenance costs.  The group is also
    subject to "severe" penalties if it seeks to relocate the team
    any time during their 30-year lease (ST. PETERSBURG TIMES, 8/10).
    

    Print | Tags: Facilities, Palace Sports & Entertainment, Tampa Bay Lightning
  • MCCASKEY SEES AMERICAN BEAUTY IN NEW SITE FOR BEARS STADIUM

         The Bears have added Aurora, a Chicago suburb, "to the list
    of potential sites for a new football stadium," according to Mike
    Mulligan of the CHICAGO SUN TIMES.  The team as secured an option
    to buy a 207-acre property "in the far northeast side of Aurora,
    along the Interstate 88 Research and Development Corridor."  The
    parcel is roughly 25 miles west of Chicago.  Bears President Mike
    McCaskey hopes to have four sites to take to the state
    legislature "in hopes of determining a final site by January" so
    construction can be completed for the 2000 season.  The Chicago
    site will be proposed by the city (CHICAGO SUN TIMES, 8/10).  The
    Bears already have an option on lands in Hoffman Estates, about
    20 miles northwest of the city. McCaskey: "The city (of Chicago)
    will have to make its decision about what its favorite site is,
    and as I understand it, they are looking at two or three sites.
    We favor whatever site is most doable and can be committed to by
    the end of 1995."  Funding questions "remain a major stumbling
    block in the team's stadium plans," legislators said it is
    "unlikely" the IL General Assembly would give the Bears $185M in
    state bonds to help pay for the $285M stadium" (Peter Baniak,
    CHICAGO TRIBUNE, 8/10).
    

    Print | Tags: Chicago Bears, Facilities
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