SBD/23/Facilities Venues

BOWLEN OPTIMISTIC THE BRONCOS CAN BUCK OUT OF STADIUM LEASE

          Broncos Owner Pat Bowlen on Wednesday predicted that
     "he can negotiate" a deal with the city of Denver "to break"
     his team's lease at Mile High Stadium, which expires in
     2018, in time for a special stadium election in May,
     according to Alan Snel of the DENVER POST.  Bowlen said that
     the fact that Denver spent two years "dealing with" Ascent
     Entertainment over the severing of their lease at McNichols
     Arena "will help the city and the Broncos hammer out" a
     deal.  However, Snel points out that there are "several"
     legislative "hurdles to attain" before a stadium election
     could be held in May.  But Bowlen remains "optimistic." 
     Bowlen: "We're not reinventing the wheel here. ... We just
     have to shut the doors and keep the negotiations out of the
     newspapers" (DENVER POST, 10/23).  In Denver, Ann Imse
     reports that Stadium Board Chair Ray Baker yesterday said
     that the new stadium is "likely" to cost $300M, a figure
     which is 25% "more than" the original $240M projection.  The
     taxpayers' share of the stadium cost "is capped at" $180M by
     state law, so the entire increase "would be borne" by the
     team.  Despite Baker's estimate, Bowlen feels the facility
     will cost between $260-$280M (ROCKY MOUNTAIN NEWS, 10/23).

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