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The Hornets, claiming that revenues from the Charlotte Coliseium will fail to keep them competitive in the future, are searching for a site for a new arena. The team is "concentrating" its search in Charlotte's suburbs, both in NC and SC, and say "there would not be enough land" in uptown Charlotte to build an arena and lot. Erik Spanberg reports in the current CHARLOTTE BUSINESS JOURNAL that the team has hired Toronto-based Stadium Consultants Int'l to study sites for a proposed $100M- 150M arena. SCI will focus on land availability, parking, access to public transportation and proximity to restaurants and hotels. The club's lease with the city at the Charlotte Coliseum expires after next season. The team claims the eight 10-seat boxes and four 18-seat boxes will not keep them competitive. Spanberg reports the team now ranks in the bottom-third of the NBA in revenue, but they pay one of the league's lowest rents at $8,000 per game. Muhleman Associates' Max Muhleman says the team will need a new facility within five years to remain competitive (Charlotte BUSINESS JOURNAL, 10/9 issue).
MA House Ways and Means Committee Chair Thomas Finneran said with the window of opportunity "rapidly closing" on a privately financed domed stadium in Boston, the Pats best chance for a new stadium may be in Foxboro, according to the BOSTON HERALD. Phil Primack notes the "Catch-22" faced by megaplex supporters in that private financing is not likely until the megaplex bill is passed. But a stadium won't be part of the bill unless there is private financing "pledged" to a stadium. Finneran added a bill will be reported by the Ways and Means Committee Friday, but it may "be open" on the issue of a location (BOSTON HERALD, 10/10).
The Milwaukee County Board Finance Committee Monday held off an attempt to take money for the new Brewers Stadium out of the county's '96 budget, according to the MILWAUKEE JOURNAL SENTINEL. County Exec F. Thomas Ament had proposed paying $4M of the county's $18M contribution to stadium costs next year taking that money from the '96 county budget. Gretchen Schuldt writes this indicates the stadium project could run into "rough sledding" in the County Board, with officials complaining that "unfunded mandates" imposed by the state can potentially drive up county costs and property taxes (MILWAUKEE JOURNAL SENTINEL, 10/10).