Mutombo Interested In Hawks Ownership Broadcasting & Cable HOF To Honor 12 TPG A Majority Stakeholder In CAA Leagues To File Against N.J. Betting Manning Leaving CFP Committee Overnight Ratings: NASCAR, CFB PGA Tour Names Tom Wade CCO Sources: Barclays Center Up For Sale Sources: Islanders Sale Price Was $485M
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Milwaukee County property taxes "would likely be tapped" to repay $18M borrowed to finance infrastructure related to a new Brewers stadium, according to Gretchen Schuldt of the MILWAUKEE JOURNAL SENTINEL. Milwaukee County Board Finance Committee Chair Richard Nyklewicz "hinted" at a possible referendum on the stadium. Nyklewicz noted that they will wait to see "what the Legislature does" before making any decision (MILWAUKEE JOURNAL SENTINEL, 8/25). Opponents of the stadium argued yesterday that the price of a new stadium would increase when interest costs are added. Critics charges that under the funding structure being pushed by the team and WI Gov. Tommy Thompson, costs would triple with taxpayers liable for $530M of the estimated $750M tab (AP/MILWAUKEE JOURNAL SENTINEL, 8/25).
The Cowboys and Irving city officials are close to ending a two-year legal spat over whether the city is entitled to nearly $1M in revenue from luxury boxes that Owner Jerry Jones built with his own money (DALLAS MORNING NEWS, 8/23)....A study by Lake Forest College Prof. Rob Baade claims that a pro team "does not bring new money into a community at a rate that offsets the costs of construction and upkeep of a stadium" (K.C. STAR, 8/24)....Seattle Mayor Norm Rice continued his support of a new Mariners stadium calling it "vital to the regional economy." Rice was joined by Denver Mayor Wellington Webb, who told of the effects of Coors Field on Denver (SEATTLE POST-INTELLIGENCER, 8/25).... Stars President Jim Lites and Mavs Owner Don Carter still differ on the timeframe for and location of a new arena. Lites forecasts a '98-99 target date for a suburban arena to co- house his team, while Carter recently "circled" the '99-2000 NBA season as the earliest for a new facility in downtown Dallas (DALLAS MORNING NEWS, 8/25).