Source: Raiders Stadium Will Cost $200M Less Golden Knights' Practice Facility To Be Top-Flight St. Louis MLS Investors Hopeful Funding Vote Passes Georgia State Updates Turner Field Construction Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions
Published April 17, 1997
In Tampa, Hillsborough County commissioners approved a loan to continue building a "scaled down" version of a new football stadium in case the Bucs' lease is overturned later this year by the FL Supreme Court. Former Mayor Bill Poe's challenge has kept officials from selling $204.5M in construction bonds, making a $9.7M loan necessary to continue stadium construction through July (TAMPA TRIBUNE, 4/17)....A MN House subcommittee approved a bill that authorizes the state to buy the Twins for as much as $100M. Also, the MN Legislative Commission on Planning and Fiscal Policy will pay the accounting firm of Deloitte & Touche $38,500 over the next month to analyze proposals for the legislature on the Twins issue. Deloitte & Touche was selected over a new consulting firm, the Sports Economics and Facility Financing Group, made up of Smith College baseball economist Andrew Zimbalist, IU Urban Economist Mark Rosentraub and Congressional Research Service Tax Economist Dennis Zimmerman (Minneapolis STAR TRIBUNE, 4/17)....In AZ, the state Senate approved a bill allowing two or more municipalities to develop stadium districts, which then could ask voters to approve a sales tax to fund a sports complex for the Cardinals. The bill also repeals a law that allowed Maricopa County to levy a sales tax to build the Bank One Ballpark without voter approval. The bill now goes to the House (ARIZONA REPUBLIC, 4/17)....The Tostitos Fiesta Bowl and ASU agreed on a new lease to keep the game at Sun Devil Stadium for at least the next ten years. The lease is subject to approval by the AZ Board of Regents (ARIZONA REPUBLIC, 4/17).