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  • BROWN JOINS 49ERS TO ASK FOR $100M BOND MEASURE

              S.F. Mayor Willie Brown and the 49ers are "expected" to
         ask the city Board of Supervisors Monday to place a $100M
         bond measure on the June ballot to help pay for the team's
         new $300M stadium and retail complex, according to Matier &
         Ross in the S.F. CHRONICLE.  Sources to Matier & Ross
         indicate Brown has agreed to help finance the stadium with
         $100M in lease-revenue bonds which will be paid back from
         revenue earned from a mall the team plans to build around
         the new stadium.  The 49ers will finance the rest of the
         package with the sale of luxury boxes, tickets, advertising
         and other revenues generated by the project.  Unlike most
         bonds, which require a two-thirds majority vote, lease-
         revenue bonds only need a majority to pass, "something the
         team thinks it can win" (S.F. CHRONICLE, 1/31).
    
    

    Print | Tags: Facilities, San Francisco 49ers
  • DETAILS ON TWINS BALLPARK PLAN SHOWS SEASON-TICKET QUOTAS

              A "previously confidential draft" of a proposed plan to
         build a new ballpark for the Twins was released Thursday by
         the Metropolitan Sports Facilities Commission, and it
         reveals that any stadium plan cannot move forward without
         the Twins selling 20,000 season-tickets by December 31, '97,
         according to Jay Weiner of the Minneapolis STAR TRIBUNE. 
         With 9,000 season-tickets sales in '96, Twins marketing
         consultant Pat Forciea admitted the requirement was "pretty
         aggressive stuff," but Twins President Jerry Bell said that
         he was confident the team could reach its goal.  The
         documents also show that "as early as one year" after a new
         ballpark opens, the state would be required to buy Twins
         Owner Carl Pohlad's share in the team for his investment in
         both the Twins and the new ballpark, minus tax breaks. In "a
         worst-case scenario," the state's buyout could cost $167M. 
         MSFC Chair Henry Savelkoul said that the draft projection
         has been rejected by city officials, and final talks now
         center on "how to bring down the price of that buyout."  
              OTHER NUGGETS: The ballpark plan assumes annual Twins 
         attendance of three million in the first three years of
         operation.  The Twins have hit this number only once in
         their history.  Ticket prices will rise at the new ballpark. 
         The average Twins ticket in '96 was $8.40, but projections
         for 2000, projected at the first year for the new ballpark,
         have tickets averaging $16.56.  Forciea added that the Twins
         are "committed" to an undetermined number of seats in the $1
         "range."  Also, all cost overruns on the park will be
         absorbed by the public (Minneapolis STAR TRIBUNE, 1/31).
    
    

    Print | Tags: Denver Nuggets, Facilities, Minnesota Twins
  • ON ARENA SALES TAX, BUSH SAYS HE'S NOT GONNA DO IT

              TX Gov. George Bush said he opposes any attempt to
         raise the local sales-tax gap to build sports facilities,
         according to Todd Gillman of the DALLAS MORNING NEWS. 
         Bush's stance "threatens a pending arena finance bill" and
         "could hurt" cities like Houston and Dallas, where sales tax
         rates are high, and pro teams are seeking new facilities. 
         State Rep. Kim Brimer, sponsor of a facility finance bill
         which could raise the local sales tax cap by a half-cent,
         "called on" Bush to let voters to decide on a higher sales
         tax to fund an arena (DALLAS MORNING NEWS, 1/31). 
         Meanwhile, Stars Owner Tom Hicks yesterday announced that
         the Mavs and Stars, "which had stopped talking to each
         other," have resumed negotiations on who will control a new
         arena in Dallas (DALLAS MORNING NEWS, 1/13).
    
    

    Print | Tags: Dallas Stars, Facilities, Southwest Sports Group
  • PALACE SPORTS KILLS PLANS FOR TRACK AT MI STATE FAIRGROUNDS

              Palace Sports and Entertainment yesterday cited local
         opposition and "shelved" plans for a $40M auto race track at
         the MI State Fairgrounds, according to Jennifer Dixon of the
         DETROIT FREE PRESS.  Tom Wilson, President of Palace Sports
         and Entertainment: "We're not in business to be
         controversial or bad neighbors, and when it looked like it
         was going to be a constant struggle, we felt the prudent
         thing was to walk away."  Detroit Mayor Dennis Archer and
         neighborhood residents "fought the speedway" with engine
         noise and traffic concerns (DETROIT FREE PRESS, 1/31). 
    
    

    Print | Tags: Facilities, Wilson Sporting Goods
  • PAUL ALLEN'S TEAM GETS GRILLED IN OLYMPIA

              Paul Allen's lobbying team seeking $300M for a new
         Seahawks stadium was greeted at the WA Legislature yesterday
         with a "barrage of queries and doubts," according to Rachel
         Zimmerman in today's SEATTLE POST-INTELLIGENCER.  The five-
         member group -- Football Northwest Vice Chair Bert Kolde,
         head lobbyist Bud Coffey, and Allen pointman Bob Whitsitt --
         appeared before the Trade and Economic Development
         Committee, and the session's "adversarial tone was
         immediately evident."   Rep. Dawn Mason asked why no women
         or "people of color" were on Allen's lobbying team.  Rep. 
         Velma Veloria, whose district encompasses the Kingdome,
         asked how many people on welfare would get jobs out of the
         project and  Rep. Jim Dunn asked why Allen didn't appear
         before the committee himself.  Committee chair Steve Van
         Luven: "Why is Paul Allen, the third-richest man in America,
         asking the public to help build this facility?"  Coffey
         countered: "Do you want professional football?  Do you want
         local ownership?  If you do, you cannot find a better owner
         than Paul Allen" (SEATTLE POST-INTELLIGENCER, 1/31).
    
    

    Print | Tags: Anheuser Busch, Facilities, Seattle Seahawks, Vulcan Ventures
  • SACRAMENTO CITY COUNCIL WRESTLES WITH KINGS DECISION

              In Sacramento, some members of the eight-person City
         Council "appear to be reluctant to make a call on the issue"
         of a $70M loan to keep the NBA Kings in town, according to
         Tony Bizjak in the SACRAMENTO BEE.  While it will take five
         council votes to OK the deal, "several" say they are not
         pleased with the team's desire for a quick decision, and
         want to wait until outside financial experts see the Kings'
         books, review the deal and offer advice.  Four members are
         "leaning toward approving the deal," three are so far
         against it, and one is "on the fence."  The council has
         granted loans to private businesses before, such as $26M to
         "lure" Packard Bell two years ago, but the $70M being
         discussed would represent the largest loan the city has ever
         given to private enterprise (SACRAMENTO BEE, 1/30).
              NAME GAMES: The "long running feud" over naming rights
         between Thomas and Arco has emerged as a "potential deal-
         killer" in the city's efforts to keep the team, according to
         Gary Delsohn in the SACRAMENTO BEE.  Thomas contends Arco is
         obligated to pay around $1M a year for at least 20 years to
         keep its name and logo on the arena.  Arco has said that it
         has already paid more than $7M under a 99-year agreement
         reached with the prior owners, and that all of the company's
         contractual obligations are fulfilled.  Thomas met with Arco
         Products Co. President William Rusnack and a spokesman for
         Rusnack said Arco might be willing to spend another
         $300,000-400,000 a year to increase its visibility in the
         arena, but not the $1M Thomas wants (SACRAMENTO BEE, 1/30).
    
    

    Print | Tags: Facilities, Sacramento Kings
  • STADIUM NOTES

              San Diego Mayor Susan Golding is trying to "persuade"
         Chargers Owner Alex Spanos to "renegotiate" some of the
         "least popular aspects" of the team's new stadium lease. 
         Golding did not "sound optimistic," saying discussions
         "haven't gotten very far" (SAN DIEGO UNION-TRIBUNE, 1/31).
         ...In Boston, State House Speaker Thomas Finneran
         "threatened" yesterday to rewrite the MA Port Authority's
         charter if the agency follows through on plans to lease land
         in South Boston to the Patriots at below-market prices
         (BOSTON GLOBE, 1/31)....In Milwaukee, details involving the
         bonds issued for the Brewers' new stadium have been "ironed
         out."  Underwriters Robert W. Baird & Co. and Bear Stearns &
         Co. have applied for municipal bond insurance.  If they get
         it, the bonds, which are now rated A, will be rate AAA by
         Standard & Poor's and AAA by Moody's Investors Service. 
         Also, investors will be able to choose maturities of between
         one and 30 years.  The bonds will be sold in increments of
         $5,000, starting with a minimum of $5,000 (MILWAUKEE JOURNAL
         SENTINEL, 1/31)....The Palisades Club in Newport Beach, CA,
         and Riviera Club in Pacific Palisades are possible sites to
         host a future Davis Cup match (L.A. TIMES, 1/30)....The
         Pacers scheduled two extra tours of Market Square Arena due
         to "high demand."  The team is offering the tours to show
         the need for a new facility (INDIANAPOLIS STAR-NEWS, 1/30). 
    
    

    Print | Tags: Facilities, Indiana Pacers, Milwaukee Brewers, New England Patriots, San Diego Chargers
  • TIGERS SET TO TEST MARKET ON SUITE SALES

              The Tigers began the public sale of suites for their
         new stadium set to open in '99.  Suites are priced at
         $75,000- $125,000.  The team has sold 50 suites to sponsors
         and season-ticket holders, leaving 30 available for public
         lease.  Suiteholders can purchase either a four-year plan
         with a 6% annual price increase or a seven-year plan with a
         3% increase per year (Tigers).  The Tigers expect to raise
         $6-8M annually through suite sales (DETROIT NEWS, 1/31).  
    
    

    Print | Tags: Detroit Tigers, Facilities
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