SBD/3/Facilities Venues

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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