NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium Hillsborough County Hires Firm With MLB Ties Koonin Won't Put Timetable On Hawks Sale NHL Jets' Downtown Development On Hold? Rams Convert To Annual Tenant At Jones Dome
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Published October 27, 1995
Hoteliers in Broward, FL who met last night say they want a new arena built but are "reluctant" to support a proposal that would increase Broward's bed tax to help pay for a new facility for the Heat and Panthers. Hotel operators "did not rule out supporting a tax, but were far from unified in support of it" (FT. LAUDERDALE SUN-SENTINEL, 10/27)...In Atlanta, Maria Saporta and Henry Unger write that building a new arena for the Hawks in downtown Atlanta "has become more vital to the area in the wake of the Federal Reserve's announcement that it will move out" of its city headquarters in '99. The $200M planned project "becomes more important to preserve the economic base of downtown." Officials from Turner Broadcasting and the city are still negotiating to put a new facility at the current site of the Omni or a nearby railroad gulch (ATLANTA CONSTITUTION, 10/27)....Tampa Stadium officials say they still don't have details of how the team's ownership plans to pay for their cost of a new facility. Bucs Owner Malcolm Glazer has offered to pay for half of the facility, and officials believe they will be asked to guarantee bonds which Glazer likely will use, "potentially" increasing taxpayer financial exposure. December 31 is the deadline to finalize the financing for the new $168M stadium (TAMPA TRIBUNE, 10/27).