Yankees Still Want To Be Under Luxury Tax FIFA Increases World Cup Prize Money Francesa: Simulcast Will Not Go To CBSSN Heat Ink Deal With Mayors Jewelry Stores Stu Jackson Joining NBA TV SiriusXM, NBA Launching New Channel Silva Leaving ATP To Join Federer's Agency Executive Transactions MMF: Autosports And The Fan Experience
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Celtics GM Jan Volk is being "bandied about" as a potential successor to departing FleetCenter President Larry Moulter, according to the BOSTON HERALD. In their "Inside Track" column, Fee & Raposa note Delaware North head Richard Stevens has been in Boston this week meeting with other possible candidates for the post, including: Boston attorney Bob Caporale; Providence Civic Center GM Steve Lombardi; Providence Bruins Owner Ed Anderson; and NHL Bruins Assistant GM Mike O'Connell. In the interim, company accountant Andy Nichols will take over for Moulter, who leaves work on July 2 (BOSTON HERALD, 6/27).
Houston Mayor Bob Lanier asked TX state legislators to create a regional sports authority which would have the power to use tax dollars to construct sports facilities, according to the HOUSTON CHRONICLE. Lanier's comments came during the last of four public hearings for a subcommittee of the TX House Committee on Business & Industry. The Mayor, who admitted chances of a potential sports authority with sales taxing authority are "slim," said he hopes the Legislature would consider the use of rental car, bed and incremental taxes to help subsidize almost two-thirds of the $625M needed to build new facilities and improve the Astrodome. Lanier: "It would be helpful to have a sports authority that has some ongoing presence, some institutional memory [with] ...a large a base as possible for financing." State Rep. Kyle Janek, who chaired the hearing, said legislators would support a proposal allowing Houston-area voters to decide if they want to impose additional taxes on themselves (John Williams, HOUSTON CHRONICLE, 6/28).
The proposal from Sen. Daniel Patrick Moynihan (D-NY) that would prohibit state and local governments from issuing tax- exempt bonds to build stadiums "worries Cleveland officials" because the financing package for rebuilding Municipal Stadium, which will require selling $140M in bonds later this summer, may "have to be overhauled." The Cleveland PLAIN DEALER's Phillips & Diemer report questions remain over when the bill, if passed, becomes effective, though Moynihan said he is willing to consider "the need for equitable relief for stadiums already in the planning stages." Cleveland City finance director Kathryn Hyer: "There already is a lot of substantial work that we believe qualifies us for being well into the `planning stage.'" Sen. Mike DeWine (R-OH) said the bill has "zero chance" of passing and a spokesperson for Senate Majority Whip Don Nickles (R-OK) said the bill is not "on the radar screen" of the GOP leadership (Cleveland PLAIN DEALER, 6/27). HEAR YE: A USA TODAY editorial notes Nashville's decision to put its $60M stadium bond sale on hold in wake of Moynihan's bill: "If local communities want to waste their own money, that's up to them" (USA TODAY, 6/28).
Yankee Owner George Steinbrenner, on working with Donald Trump to finance a new Yankee Stadium in Manhattan: "We have absolutely no deal going on. Nothing. Somebody's trying to make a front page story and it isn't true. Donald told me if he can ever do anything to help me to let him know." (USA TODAY, 6/28)....Prince William Cannons Owner Arthur Silber is threatening to move his Class A club if Prince William County, VA does not help finance up to $2M in stadium improvements (WASHINGTON BUSINESS JOURNAL, 6/28). ...The Steelers and Pittsburgh Stadium Authority want to add 1,000 premium club seats for the start of the '97 season (PITTSBURGH POST-GAZETTE, 6/28).