Oilers Unveil Details Of New Arena District Notre Dame Renovations Begin In November UNLV Delays Stadium Funding Request Until '17 Braves Dispute Mayor's Charge Facility Notes Dan Snyder: Redskins Planning New Stadium CommScope On As Daytona Rising Partner Dolphins Add New Food Vendors Consultants Narrow List Of Sites For Bills Stadium ISC Tracks Could Face Further Seating Reductions
Upcoming Conferences and Events
ASCENT SAYS PEPSI CENTER DEAL MUST HAPPEN TODAY
Published October 29, 1997
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).