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TALKS BETWEEN HORNETS AND CITY BREAK DOWN IN CHARLOTTE
Published August 4, 1995
Negotiations between the Charlotte City Council and the Hornets over the future of the team at the Coliseum "appeared on the brink of conclusion last week, then broke down," according to Harvey Burgess of the Rock Hill (SC) HERALD. The Hornets lease runs through '97, and the city wants to extend it another nine years, but the Hornets "want no more than five." Hornets Owner George Shinn also wants to add luxury boxes and club seats, at his expense, but authority members think adding such "high-priced seating will be to the exclusion of the general public in a city- owned building." Team President Spencer Stolpen says the team has the financing to move to a new $100M plus area, but a question exist "where the new arena would be built." Despite the break down in discussions, Charlotte Mayor Richard Vinroot "thinks the Hornets and the city will find some common ground in their faltering lease negotiations." (Harvey Burgess, Rock Hill (SC) HERALD, 8/3).