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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).
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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). -
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).




