SBD/21/Facilities Venues

Print All
  • IF IT DOESN'T RATE, YOU MUST RENOVATE! WARRIORS DEAL NEARS

         The Warriors and Oakland Coliseum Board members are close to
    a deal leading to a $100M reconstruction of the Oakland Coliseum
    Arena.  Officials hope to announce the agreement this week, which
    would include the team signing a lease to play at the facility
    for "at least 10 years and perhaps as long as 30 years."   The
    team will play next year at the Cow Palace in Daly City while the
    Oakland Arena is gutted and rebuilt, with 19,500 seats along with
    4,000 club seats and 70 luxury boxes.  The "reconstruction
    project will be privately financed with the arena itself used as
    collateral."  Revenue from the rebuilt arena will pay for the
    loans.  PSLs will be sold to "less than 50 percent of the seats,"
    with the team marketing and selling the PSLs (Dennis Akizuki, SAN
    JOSE MERCURY NEWS, 2/21).
    

    Print | Tags: Facilities, Golden State Warriors
  • MARYLAND STADIUMS CLOSE TO APPROVAL WITH OWNER CONCESSIONS

         Baltimore NFL Owner Art Modell has told MD officials that
    "he is willing to help pay for the proposed Camden Yards football
    stadium," but it remains unclear how much Modell is willing to
    contribute.  Legislators have asked for $24M to be paid over 30
    years, but the team's plans "were expected to be outlined in a
    hearing today."  Modell: "I think we've made some movement."
    Meanwhile, officials were close to an agreement on the Redskins
    stadium, in which Prince George's County and fans would pick up
    1/3 of the state's $73M share.  "Holding up the deal" was the
    team's reluctance to agree to a $1.25 surcharge on tickets or
    parking fees (Waldron & Smith, Baltimore SUN, 2/21).  An
    editorial in today's Baltimore SUN slams Modell over the stadium
    financing (Baltimore SUN, 2/21).
    

    Print | Tags: Facilities, NFL, Washington Redskins
  • STADIUM NOTES

         The CO Legislature has yet to either introduce or offer a
    bill to authorize a ballot question on a new stadium for the
    Broncos.  The lack of action "indicates there's not a whole lot
    of support in the House to go ahead with this," according to
    Speaker Chuck Berry (Colorado Springs GAZETTE PRESS TELEGRAPH,
    2/21)....Architectural firm HOK has stopped work on a new Tampa
    Stadium because they aren't getting paid by the Tampa Stadium
    Authority.  The Authority needs "about" $4M to finish the
    drawings, but reportedly has no further funds.  Also, on March 1,
    about $10M "must be refunded to fans who bought" PSLs last fall.
    Fans who paid half the cost of a season ticket were to pay the
    rest March 1 unless no stadium deal had been reached (TAMPA
    TRIBUNE, 2/20).
    

    Print | Tags: Denver Broncos, Facilities
  • WISCONSIN OFFICIALS PUT THE KIELBASA ON BREWERS NEW PLAN

         The Brewers lost their bid to restructure their stadium
    financing plan, as WI legislators said shifting a $50M loan from
    the team to the state-created stadium district "violates the
    spirit" of the understanding passed last October.  Team and state
    officials will continue to study options (AP/MILWAUKEE JOURNAL
    SENTINEL, 2/21).  Columnist Michael Bauman writes the controversy
    surrounding the plan is unnecessary, as the team is "merely
    trying to stay in Wisconsin."  Bauman speculates the Brewers were
    having difficulty obtaining the $50M loan (JOURNAL SENTINEL,
    2/21).
    

    Print | Tags: Facilities, Milwaukee Brewers
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug