Adelson Ready To Walk Away From Raiders Plan Developers Exploring Arena Near Scottsdale Facility Notes Hansen Group Offers To Fund Seattle Arena Privately Chargers Have L.A. Options If Ballot Measure Fails Yankee Stadium Adding Social Gathering Areas Plans Revealed For Phase II Of Ballpark Village Sources: Fortress Backing Lott-Raiders Group Facility Notes San Diego Voters Still Skeptical Of Stadium
LEASE DEAL FOR AVALANCHE NOT AS LUCRATIVE FOR CITY
Published August 23, 1995
The Denver City Council gave preliminary approval this week to a contract with the Avalanche for a two-year lease and two- year option at McNichols Arena. But the tentative agreement would generate hundreds of thousands of dollars less for the city than first projected. When the Council voted 10-1 in favor of the agreement Monday, members believed the city would make $625,000. Councilwoman Cathy Reynolds claims she miscalculated, with the city's actual gain only projected at $85,600 (DENVER POST, 8/23).