SBD/5/Franchises

THE WELL IS JUST ABOUT DRY IN HOUSTON, GUSHING IN NASHVILLE

     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).
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