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CHARLOTTE UPTOWN DEVELOPMENT CORP. DRAWS IRE OF MAYOR
Published November 29, 1995
As Charlotte's Coliseum Authority signed a lease Tuesday to keep the Hornets at the Coliseum for five more years, the CHARLOTTE OBSERVER reports the Charlotte Uptown Development Corp. (CUDC), a tax-supported economic development group, approached the Hornets last month about building a new arena downtown, while the city was in negotiations to keep the team at the Charlotte Coliseum. Charlotte Mayor Richard Vinroot: "I really would have liked to known about that. They were, essentially, working at cross purposes with our efforts to get a lease concluded." CUDC Exec Dir Mike Schneiderman said the group was just positioning itself if the team was to move (Dan Chapman, CHARLOTTE OBSERVER, 11/29). Hornets Owner George Shinn calls the new lease "short term" (USA TODAY, 11/29).