Ross Wants To Pay For Stadium Upgrade Lambeau Field Expansion Cost Rises $25M Yum! Center Looks For More Sponsorships VCU To Build $25M Hoops Practice Gym Facility Notes Oakland Teams Still Searching For New Venues Lions Ownership Staying In Ford Family Orlando City SC Backs Off From Park Demands Facility Notes Wolff Considering Temporary Bay Area Ballpark
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IS NEW STADIUM IN PHILADELPHIA A TRICK OR A TREAT?
Published October 31, 1997
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).