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THE WELL IS JUST ABOUT DRY IN HOUSTON, GUSHING IN NASHVILLE
Published October 5, 1995
Oilers Owner Bud Adams has signed a contract for the team to begin play in Nashville in '98 if a financing plan is in place early next year, according to this morning's HOUSTON CHRONICLE. Adams signed the deal after meeting with Nashville Mayor Phil Bredesen just outside of Houston yesterday. Bredesen will present the plan to the Nashville Metro Council today. TN leaders will have to provide Adams with a new open-air stadium, $60M in relocation costs and a guarantee of enough ticket and suite revenue to give Adams $20M more a year than he makes at the Astrodome. Sources tell the CHRONICLE that Bredesen will push for a restaurant tax hike and other user fees to finance the city's $100M share. The state would also chip in about $80M, with private sources providing $100M. Bredesen: "It's a good economic situation for the Oilers to do this. It's not like the Oilers are mad at Houston. It just makes good economic sense." The CHRONICLE's John Williams reports that Houston Mayor Bob Lanier says "he simply misread the immediacy of Adams' desires for a new stadium" when the Oilers owner asked for one two years ago (HOUSTON CHRONICLE, 10/5). NOT ALL ON THE SAME SONG SHEET IN MUSIC CITY: Not everyone in Nashville City supports public funding of the Oilers' move. Neal Darby, Exec Dir of the NAACP's Nashville branch, wants $100M spent on the city's schools before an attempt to lure the Oilers (HOUSTON CHRONICLE, 10/5).