SBD/27/Facilities Venues

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  • DEAL DONE, RALEIGH HAS TWO YEARS TO PREPARE FOR HURRICANES

              The Hurricanes on Friday "agreed to spend" $20M as part
         of its deal to play in Raleigh's new sports arena and
         "pledged to stay" in the city for 20 years, according to Joe
         Dew of the Raleigh NEWS & OBSERVER.  The team also
         "acknowledged - with a caveat" that N.C. State holds the
         naming rights to the facility.  The Hurricanes had originally
         planned to contribute $10-12M towards the arena, but the
         extra money will help the Centennial Authority add a "long
         list of amenities," including 20 additional luxury suites, a
         special press section, and video scoreboards.  The Hurricanes
         also "agreed to make it clear in the legal agreements" that
         N.C. State now holds naming rights, however Hurricanes
         attorney Jim Cain said "that could change" if a corporate
         sponsor offered "millions of dollars" for the rights. If so,
         in exchange for giving up the rights, N.C. State "would be
         guaranteed" a share of the money (NEWS & OBSERVER, 10/25).
    
    

    Print | Tags: Carolina Hurricanes, Facilities, Gale Force Holdings
  • N.Y. POST HAS METS ON THE MOVE TO NEW EBBETS FIELD

              The Mets are "putting the final touches" on plans to
         tear down Shea Stadium and replace it with a recreation of
         the Brooklyn Dodgers' old Ebbets Field, according to Lathem &
         Hardt of the N.Y. POST.  Team President Fred Wilpon has been
         "quietly putting together" the package for the new 40,000-
         seat retractable roof stadium, which will be built in
         Flushing, on the site of what is now a parking lot for Shea,
         and "is expected" to open in April 2001.  Plans call for the
         park to have a lowered right-field wall and pedestrian
         concourse, and "intimate" seating.  The team is also "giving
         serious thought" to naming the new park after the Dodgers'
         Jackie Robinson.  Original cost estimates put the park at
         $450M, including $300M for construction and $150M for "road,
         subway and parking improvements," however, Mets officials
         "hint" that the cost "could be higher" (N.Y. POST, 10/27).
                
    

    Print | Tags: Facilities, Los Angeles Dodgers, New York Mets, News Corp./Fox
  • STAPLE THE NAME ON L.A.'S NEW DOWNTOWN ARENA

              MA-based Staples, Inc. has agreed to a 20-year deal with
         the developers of L.A.'s proposed downtown arena to "become
         the main corporate sponsor" for the $300M complex, according
         to sources "within the company" and cited by White & Dillman
         of the L.A. TIMES.  The deal is worth "about" $100M, which is
         the "largest amount ever" paid for naming rights to an arena. 
         In addition, GTE heads a group of "secondary sponsors" which
         "could bring in" an additional $50M.  The city "would not
         receive" any of the money from the deals, however the money
         "could be used" to pay the $58M in municipal bonds, which the
         city is issuing to fund the new arena.  Kings President Tim
         Leiweke said Friday that there was no finalized deal, but
         that talks will continue this week (L.A. TIMES, 10/25).
    
    

    Print | Tags: Facilities, GTE
  • TAX WON'T PIRATE PUBLIC FUNDS; POLL REVEALS STEEL CURTAIN

              A new Tribune-Review/WPXI-TV poll has found that support
         for a proposed regional sales tax which would benefit the
         construction of new stadiums for the Steelers and Pirates
         "has inched upward," according to Sandra Skowron of the
         Pittsburgh TRIBUNE-REVIEW.  In the new poll, 66.4% of the
         respondents opposed the tax, with 53.4% saying that they were
         "flat-out opponents."  A poll conducted by the paper two
         months ago found that 71% of the people were opposed, with
         52.2% "staunchly against" the tax.  Voters said that offers
         made by the Pirates and Steelers to contribute to the
         projects "did increase" their support.  Also, "about" 38%
         said that they think the Pirates "will leave" if the
         referendum fails, while 34.9% feel the team will stay.  The
         survey of 901 voters was conducted October 17-22, and has a
         margin of error of +/- 5.7% (TRIBUNE REVIEW, 10/26)  
    
    

    Print | Tags: Facilities, Pittsburgh Pirates, Pittsburgh Steelers
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