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CARLSON PUSHES FOR REFERENDUM ON TWINS STADIUM
MN Gov. Arne Carlson says he will ask the legislature to put an initiative on the November '96 ballot to determine if metro- area voters want to pay for a new ballpark for the club. The Minneapolis STAR TRIBUNE reports Carlson's request follows a task force study which concluded that "the retention" of the Twins will require "either additional revenue streams in the Metrodome or a new stadium." Paul Thatcher, Finance Chair for the Metropolitan Sports Facilities Commission: "I profoundly believe if we don't build a new stadium we will lose baseball." The Twins can exercise an escape clause at the Metrodome after the '97 season (Weiner & Whereatt, Minneapolis STAR TRIBUNE, 12/22).
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GIANTS ANNOUNCE PLANS FOR NEW CHINA BASIN BALLPARK
The Giants announced plans yesterday to build the first privately financed baseball park in more than 30 years at San Francisco's China Basin. The 42,000-seat facility is scheduled to open April 2000. The Giants will be responsible for $140M of financing, with remaining capital from concession rights, advertising, business partners, and a limited number of premium seat commitments. The team will lease the site from the Port of San Francisco. If voters decide in March the site is acceptable, construction will begin in late '97 (Giants). A key element of the financing will be the sale of 15,000 PSLs, from which the owners expect to raise $35M (Seligman & Brazil, S.F. EXAMINER, 12/21). The ballpark will have 63 luxury suites, 5,200 club seats and 1,500 special field seats located on ground level between home plate and the dugouts (S.F. CHRONICLE, 12/22).
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ROCKETS BEGIN NEGOTIATIONS FOR NEW ARENA IN HOUSTON
Houston Mayor Bob Lanier and Rockets Owner Leslie Alexander have begun negotiations for a new downtown arena, according to sources cited by the HOUSTON CHRONICLE. Though no deal has been struck, the two have been discussing a $100M 18-24,000-seat arena near the George Brown Center. Public funding, money from Alexander, and arena revenue would help pay for the arena (John Williams, HOUSTON CHRONICLE, 12/22).
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STADIUM NOTES
Construction engineers in Tampa now say the new state-of- the-art stadium Malcolm Glazer wants to keep the Bucs' in town will cost $192M, $24M more than originally estimated. (ST. PETERSBURG TIMES, 12/22)....Supporters of a new baseball stadium in Tucson demand the City Council decide within 30 days whether to kick in a combined $18M for the project. The city is trying to lure a third MLB club to join the Rockies and Diamondbacks in holding spring training there (AP/Colorado Springs GAZETTE TELEGRAPH, 12/21).
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WILL MCDOME PROPOSAL BE THE KEY TO KEEPING BEARS FROM GARY?
IL Gov. Jim Edgar, who had pledged support for Chicago Mayor Richard Daley's plan to reconstruct Soldier Field, now believes a multipurpose domed stadium at McCormick Place "would be a plus for the city of Chicago." According to the CHICAGO TRIBUNE, Edgar's "abrupt shift" over McDome comes on the heels of a breakdown in talks between the Bears and the city over the $156M improvement. Edgar suggested the same Daley-backed tourism taxes used to expand the McCormick Place exhibition center in 1991 could be used to build McDome. Daley argues taxpayers ewer burdened enough by the original $1B expansion (Pearson & Kass, CHICAGO TRIBUNE, 12/22).




