SBD/31/Facilities Venues

IS NEW STADIUM IN PHILADELPHIA A TRICK OR A TREAT?

           Philadelphia Mayor Ed Rendell said yesterday that he
     "prefers a Center City location" for any new sports facility, 
     but is "concerned that costs may be prohibitive," according
     to Marder & Gorenstein of the PHILADELPHIA INQUIRER. 
     Rendell's announcement came as the City Council announced
     plans to organize a "series of public hearings on what kind
     of stadium is needed and where it would go."  Rendell: "If a
     downtown stadium ... adds $80 million to the cost of the
     project ... then, folks, it ain't gonna be downtown."  The
     Mayor also said that he would agree to a South Philadelphia
     site "only if plans included shops, restaurants, and possibly
     an NFL Hall Of Fame," and added that discussion of a stadium
     location was "premature" until the state decided how much
     money it will contribute to the cost, estimated to be more
     than $200M (PHILADELPHIA INQUIRER, 10/31).  An Arthur
     Andersen study showed that a ballpark built anywhere in or
     near Center City would have an $416M annual economic impact
     on the city, while a park in South Philadelphia would
     generate $341M in annual revenue (PHILA. DAILY NEWS, 10/31).

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Facilities, NFL

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