Charlotte Considers MLS Stadium Plan Fresno State Plans Renovations For Stadium IU AD: Assembly Hall Project On Track Facility Notes Red Wings Form "Deconstructed Arena" Concept Several Venues Considered For Temporary NFL Stay Experts Scoff At Proposal For Raiders' Stadium Redskins Making Additions To Practice HQ Nissan-Titans Deal At Least $5M Annually Tribune Weighs In On Wrigley Renovations
BREWERS GIVEN THREE WEEKS TO GET STADIUM FINANCING STRAIGHT
Published March 26, 1996
Milwaukee's Professional Baseball Park District Board gave the Brewers three weeks to finalize the team's $90M contribution toward financing of a new ballpark. The board also voted 9-4 to suspend a five-county sales tax hike by May 1 if it is not satisfied with the team's contributions. The board heard from Brewers President Bud Selig and VP/ Legal Counsel Wendy Selig- Prieb twice during a lengthy session yesterday (AP/ESPNET SportsZone, 3/26). Board Chair Robert Trunzo concluded there was "still a shortfall" in the Brewers' package. Problems centered around the "present-day value" of part of the team's package, which analysts said left the Brewers' proposal about $10-15M short of its intended $40M goal. Included in that was the naming rights deal with Miller Brewing, which had been expected to have a present value of $20M. However, lender bank NationsBank placed that value at only $15M. Another problem was the board's estimate of concession contracts at $10-15M, not the $20M cited (Amy Rinard, MILWAUKEE JOURNAL SENTINEL, 3/26).