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LIGHTNING OFFICIALS FEEL A TOUCH OF GREY AS ARENA DEAL DONE
Published August 10, 1995
"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).