SBD/3/Facilities Venues

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  • IS MOULTER'S TIME FLEETING AT NEW BOSTON GARDEN?

         Sources say Larry Moulter, Chair of the New Boston Garden
    Corp., will leave his post as head of the FleetCenter to take a
    25% stake at Bob Woolf Associates Inc.  While Moulter told the
    BOSTON HERALD last week he did not have a deal with Woolf despite
    reports to the contrary, sources claim meetings between Moulter
    and Arnold Communications, which recently bought Woolf for an
    estimated $7.5M, are ongoing and that "a deal was close" (BOSTON
    HERALD, 5/31).
    

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  • LIONS AND TIGERS ROAMING THE CITY?

         Oakland County, MI, officials believe Lions execs have been
    meeting with Detroit officials moving the team from Pontiac to a
    stadium in the city where both the Lions and Tigers would play
    (DETROIT NEWS, 6/1)....According to a Congressional Research
    Service report published May 29, sports stadiums financed by tax-
    exempt bonds generally do not generate enough economic benefit to
    justify federal, state and local government subsidies (THE
    DAILY).  But a study by a team of UNC Charlotte MBA students
    concluded that sports arenas generally contribute to economic
    development when they are located "in urban areas with an
    established commercial base" (CHARLOTTE OBSERVER, 6/3)....Prince
    George County, VA, (south of Richmond) is offering a 300-acre
    site for a baseball stadium to compete with three sites in
    Northern VA (RICHMOND TIMES-DISPATCH, 6/2)....Broward County
    officials are studying the fine points of a proposed lease for a
    new $212M arena, particularly whether the lease is too favorable
    to Panthers Owner Wayne Huizenga and a clause that says the arena
    must kept to the same standards of any arena within 100 miles
    (MIAMI HERALD, 6/2).
    

    Print | Tags: Detroit Lions, Detroit Tigers, Facilities, General Motors
  • NEW TURF, OTHER TOUCH-UPS FOR EMMITT AND THE 'BOYS

         Texas Stadium is being fitted with a fresh artificial
    surface and 21 new luxury suites behind both end zones, according
    to the DALLAS MORNING NEWS.  Completion of the suites marks the
    end of an expansion project begun in '93, when 59 boxes were
    added.  Additions will bring the total number of suites to 373,
    the most of any stadium in any sport.  Despite future renovation
    plans, including an expansion to 104,000 and installation of a
    grass field, the 15-year old turf is being replaced in order to
    improve drainage, safety and overall appearance.  The redesign
    will also include a perimeter track to aid camera trucks.  Work
    should be finished by July 15, two weeks before the first
    preseason game (Richard Alm, DALLAS MORNING NEWS, 6/1).
    

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  • PART OF PEPSI CENTER TAB TO BE PICKED UP BY PUBLIC?

         Despite previous plans to privately finance construction of
    the new Pepsi Center, Ascent Entertainment Group, owner of the
    Avalanche and Nuggets, may now ask taxpayers to pay part of the
    $150M price tag through tax increment financing, according to
    Kevin Flynn of the ROCKY MOUNTAIN NEWS.  Ascent is expected to
    propose the public subsidy when negotiations reopen with Denver
    Mayor Wellington Webb.  Under a tentative agreement reached last
    year, the city's 10% ticket tax and sales taxes in excess of $2M
    generated at the Pepsi Center were to be used to defray operating
    costs and future capital improvements.  The tax increment
    financing would permit revenues to be designated for debt service
    instead.  Ascent spokesperson Paul Jacobsen maintains the company
    (unlike the Rockies and Broncos) will not seek a special tax.
    Ascent asked to reopen negotiations several weeks ago, saying
    increased costs have made the previous deal "unworkable" (ROCKY
    MOUNTAIN NEWS, 6/2).
         BUILDING OWNERSHIP:  Flynn also reports Ascent is seeking to
    retain ownership of the Pepsi Center, after originally agreeing
    to deed the facility to the city for $1 upon completion.  Ascent
    says it must maintain ownership in order to secure private
    financing -- because without clear title, the company would be
    unable to use the building as collateral (ROCKY MOUNTAIN NEWS,
    6/2).
    

    Print | Tags: Colorado Avalanche, Colorado Rockies, Denver Broncos, Denver Nuggets, Facilities, PepsiCo
  • POLL SHOWS TOUGH SLEDDING FOR TAMPA STADIUM TAX

         A survey of 500 registered voters in Hillsborough County
    showed that a plan to build a new stadium for the Bucs may pass
    by "riding piggyback on the public's fear of crime," according to
    Joe Henderson of the TAMPA TRIBUNE.  The poll, done at the
    suggestion of the NFL by Public Opinion Strategies of Alexandria,
    VA, and Frederick Schneiders Research of DC, showed a 30-year
    half-cent sales tax lumping the stadium with school construction,
    an increased police presence and new jails favored by just 50-
    46%.  The survey also showed a three-year stadium-only tax of a
    half-cent would fail, 66-32% (TAMPA TRIBUNE, 6/1).
    The survey also indicated that keeping the Bucs is not a top-five
    concern (Mary Jo Melone, ST. PETE TIMES, 6/2).
         OSCEOLA ON DECK:  Meanwhile, Osceola County leaders claim to
    be close with funding sources for a new stadium -- "if Bucs Owner
    Malcolm Glazer bellies up to the bar with the same kind of money
    he previously offered Tampa."  Anthony Millican of the ORLANDO
    SENTINEL writes that an estimated $192M stadium and $15M training
    facility would cost $18M annually for 30 years, but that county
    officials "seem to have about $13.5M annually in hand, not
    counting other sources that are within reach"  (ORLANDO SENTINEL,
    6/3).
         CITRUS SWEETENS DEAL?  Sports architect, HNTB, has prepared
    plans for a rebuilt Citrus Bowl that meets NFL standards, a study
    "prompted" by the Bucs' interest in Central FL, according to the
    ORLANDO SENTINEL.  The estimated $125M project would add 6,000
    seats, place backs on the bleacher seats and add 60 suites for a
    total of 90.  Orlando Area Sports Commission's Lee Chira:  "If
    Osceola County gets the Bucs, you might as well bulldoze the
    Citrus Bowl.  It's do-or-die" (Kevin Spear, ORLANDO SENTINEL,
    6/3).
    

    Print | Tags: Facilities, HNTB, NFL, Tampa Bay Buccaneers
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