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FINANCING NEW SEAHAWKS PAD TOUGHER THAN ROSE GARDEN
Published April 25, 1996
Even though Paul Allen will not decide whether to buy the Seahawks from Ken Behring until the end of the football season, he will begin exploring options for an improved stadium -- either a renovated Kingdome or a new facility. In Tacoma, Elaine Porterfield writes the Blazers' $262M Rose Garden that Allen constructed is considered a "model public-private partnership" since taxpayers contributed only $34.5M to the $155M Allen procured from private investors and the $46M he paid himself. But in Portland, Allen was able to entice investors with a track record of 812 sellouts, 70 pre-sold luxury suites and a schedule of over 200 events a year. A football-only stadium would be less profitable, hosting at most 10 games a year. Allen: "It can be done, but it takes a lot of work." Allen said if he were to build a new stadium, one of the three sites adjacent to the Kingdome being considered for the Mariners ballpark would be his first choice, with a suburban facility with more parking his second (Tacoma NEWS TRIBUNE, 4/25). SHOULDN'T BREAK THE BANK: The city of Anaheim said the Seahawks owe about $150,000 for the cost of fixing up the training camp they were set to move into. City attorney Jack White: "We haven't even invoiced them yet, but we don't expect any problem in receiving the payment from them for the costs incurred" (Tacoma NEWS TRIBUNE, 4/25).