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DENVER MAYOR WEBB AND ASCENT'S LYONS VOW TO GET DEAL DONE
Published January 8, 1997
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).