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  • ASCENT SAYS PEPSI CENTER DEAL MUST HAPPEN TODAY

              The city of Denver and Ascent Entertainment "are just
         'inches away' from finalizing a deal" on the proposed Pepsi
         Center, according to Kevin Flynn of the ROCKY MOUNTAIN NEWS.
         Flynn: "Ascent wants something in writing today saying the
         deal is imminent, and it appears the firm will get it"
         (ROCKY MOUNTAIN NEWS, 10/29).  Also in Denver, Stephen
         Keating writes that, although "time is running out," both
         sides said that a final pact "is close at hand."  Still
         being discussed is how much control the city will have over
         the arena and the teams "if something goes wrong" over the
         25-year life of the lease.  Although Ascent Chair Charlie
         Lyons is "measured and careful" on the record, Keating
         writes that "[p]rivately, he is agitated."  Lyons claims
         that if the city does not respond positively by 5:00pm
         today, the lack of a deal "will force" Ascent to "make good
         on" a $140M loan from NationsBank.  Keating: "Ascent said
         that if it cannot tell NationsBank by Friday that the Pepsi
         Center is a done deal, the company will be forced to
         refinance or 'sell assets'" (DENVER POST, 10/29).  
    
    

    Print | Tags: Bank of America, Facilities, PepsiCo
  • FACILITY NOTES

              Nashville stadium officials said that two hundred
         barrels of toxic waste found on the fringes of the Oilers'
         stadium site "shouldn't hold up progress" on the $292M
         facility (NASHVILLE BANNER, 10/27)....The L.A. City Council
         voted 12-1 on final approval for the new downtown sports
         arena.  The action "paves the way for developers to secure
         financing and begin preliminary work on the project." 
         Construction could begin in January (L.A. TIMES, 10/29).
    
    

    Print | Tags: Edmonton Oilers, Facilities
  • MN REJECTS TWINS STADIUM BILLS; SETS UP ONE LAST EFFORT

              The Minnesota House and Senate yesterday "rejected
         every effort" to finance a new Twins ballpark, according to
         Whereatt & Weiner of the Minneapolis STAR TRIBUNE.  Although
         legislators agreed to reconvene November 13 for "a last-gasp
         effort," Whereatt & Weiner write that Tuesday's action
         leaves the ballpark "push in a shambles."  The Senate did
         pass one proposal, allowing MN Gov. Arne Carlson to
         negotiate a sale of the team by January, at which point
         stock in the franchise "would then be offered."  However,
         even that bill's sponsor, State Sen. Roy Terwilliger
         "acknowledged" that it was "merely a vehicle to keep the
         stadium effort alive."  State Rep. Ann Rest, a ballpark
         supporter: "We were severely rejected" (Minneapolis STAR
         TRIBUNE, 10/29).  In St. Paul, Ragsdale & Sweeney write that
         the Legislature sent a "clear message to the Twins on
         Tuesday: If you want a new stadium, build it yourself"
         (PIONEER PRESS, 10/29).  Twins Exec VP Kirby Puckett spoke
         to a crowd of "several hundred" Twins fans who rallied for a
         new ballpark at the State Capitol, but the STAR TRIBUNE's
         Conrad de Fiebre writes, "at best, the results were mixed"
         (STAR TRIBUNE, 10/29).
              IN NC: Don Beaver, who heads the ownership group that
         is attempting to purchase the Twins, said that if the NC
         Triad doesn't approve next May's referendum concerning
         funding for a $210M ballpark, he "would look toward
         Charlotte," according to Stan Olson of the CHARLOTTE
         OBSERVER.  Beaver, who "expects" the May vote to win
         approval, said "[i]f the Triad vote fails, Charlotte would
         certainly be next in our plans" (CHARLOTTE OBSERVER, 10/29).
    
    

    Print | Tags: Facilities, Minnesota Twins
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