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GLAZERS PLEDGE TO PAY FOR HALF OF BUCS STADIUM COST
Published September 28, 1995
Bucs Owner Malcolm Glazer and his family pledged yesterday to come up with half the cost of a new stadium for the team, according to the ST. PETERSBURG TIMES. Officials estimate that over the next 30 years, the commitment could be worth more than $200M. Tampa Stadium Authority Chair Steve Anderson: "They [the Glazers] are going to spend 50 cents for every dollar of construction costs. ... That's unheard of" (Jeff Testerman, ST. PETE TIMES, 9/28). NEW STYLE PSL'S? The Glazers have asked that Bucs fans "support the team" by purchasing season tickets and participating in a "Charter Seat Deposit Program" that requires one-time payments of between $190 and $2,450 for games beginning in '98. With the plan, fans will pay a seat deposit equal to the cost of one year's season ticket. The money will be refunded to ticketholders at the rate of 5% per year for nine years, with the remainder reimbursed in year ten. If a ticketholder chooses not to renew at any time during the 10 years, the remaining deposit "is forfeited" (Jeff Testerman, ST. PETERSBURG TIMES, 9/28). Members of the Greater Tampa Chamber of Commerce's Stadium Task Force set a target of 40,000 regular ticket pledges from $190 to $480; and 15,000 club deposits costing $950 to $2,450 (Joe Henderson, TAMPA TRIBUNE, 9/28).