SBD/8/Facilities Venues

DENVER MAYOR WEBB AND ASCENT'S LYONS VOW TO GET DEAL DONE

          Denver Mayor Wellington Webb said that completing a
     deal with Ascent Entertainment, which owns the Avalanche and
     Nuggets, to build the Pepsi Center is his "top 1997
     priority," according to Alan Snel of the DENVER POST. 
     Denver officials are "planning a marathon negotiating
     session" with Ascent this month to "hammer out a deal" for
     the arena in the Central Platte Valley.  Webb said he and
     Ascent President Charlie Lyons will also meet on the arena.
     Ascent is "having trouble" coming to a settlement with
     Denver for breaking its lease at city-owned McNichols Sports
     Arena while it aims to build a privately-financed $150M
     arena.  The city proposed a $17M-20M compensation package
     two months ago, but Ascent was "willing to pay" only $10M.
     If a deal is completed, an Ascent spokesperson said arena
     construction could begin this spring (DENVER POST, 1/7).

Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug