SBD/5/Facilities Venues

Print All

         Redskins Owner Jack Kent Cooke joined officials from the
    state and county to formally announce a deal to build a new
    78,600-seat stadium for the Redskins in Prince George's County,
    MD.  The state-of-the-art facility, to be funded by $180M from
    Cooke, is scheduled to open for the '97 season.
         DETAILS:  As negotiations wore on, Prince George's County
    Exec Wayne Curry "pressured Cooke to agree to a laundry list of
    concessions," including a $3M contribution for a community rec
    center adjacent to the stadium, $1.5M for scholarships and other
    educational programs, work-study jobs for an area college,
    guaranteed 25-30% minority participation in construction,
    concession and other contracts, and that at least 2,000 county
    residents would get "preferential treatment" for season-tickets.
    Cooke will purchase the 200 acres for $4.1M; the Redskins will
    play all home games for "not less than 30 years after the stadium
    is occupied;" the state will pay up to $73M for road, parking lot
    construction and other infrastructure (Neal & Pierre, WASHINGTON
    POST, 12/5).  The stadium will reportedly generate up to $8.5M in
    annual taxes for the county and $3-5M for the state.  The
    facility will hold 331 luxury boxes, and close to 15,000 club
    seats (WASHINGTON TIMES, 12/5).
         ENOUGH ALREADY?  In Baltimore, Jon Morgan notes with DC's
    new MCI Center, Camden Yards, a Browns facility and a new
    Redskins stadium, the Baltimore-Washington area would have "a
    staggering" 30,625 club seats and 573 luxury boxes   -- "almost
    certainly be the nation's highest concentration of pricey seats."
    With a population of 6.7 million, the area teams are going to
    have to sell one club seat for every 219 people and a sky box for
    every 11,693.  The "wild card" will be lobbying and law firms, "a
    largely untested market with vast potential" (Baltimore SUN,
    12/5).  SI's Peter King questioned whether the area can handle
    the luxury and club seats.  Cooke: "I'm quite positive that we
    are going to succeed to exactly the extent that all our
    projections indicate we will succeed" ("MNF," ABC, 12/4).
         WHAT THEY SAID:  Cooke, who has been in search of a new
    facility for seven years:  "I've been forced to practice patience
    that would have put Job to shame."  DC officials said they were
    not surprised with the move, and are counting on the new MCI
    Center make up for the lost economic boost (WASHINGTON POST,

    Print | Tags: ABC, Cleveland Browns, Facilities, Sports Illustrated, Walt Disney, Washington Redskins

         Detroit's City Council gave approval Monday for $40M in
    public spending for development of a new $235M Tiger Stadium in
    the Fox Theatre district, according to this morning's DETROIT
    NEWS.  The 7-2 approval "paved the way" for the city's Downtown
    Development Agency to sell $40M in bonds for the project.  The
    state will contribute $55M, with the remaining $140M coming from
    Tigers Owner Mike Ilitch.  Opponents of the city's spending noted
    that in '92, Detroit voters refused a referendum to use public
    funds for a new stadium.  Two obstacles remain:  The team is
    still putting together a financing package for their
    contribution, and the "Tiger Stadium Fan Club" has filed suit
    against the state, arguing that it cannot legally contribute the
    $55M without legislative approval (Valarie Basheda, DETROIT NEWS,

    Print | Tags: Detroit Tigers, Facilities
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug