Proposal Made To Lift Crandon Park Restrictions UNLV Faces Challenges In Sharing Raiders Venue MSG Partners Get Digital Play At NCAA Regionals MLL Bayhawks Want 10,000-Seat Facility Facility Notes Labatt Inks Five-Year Deal At Little Caesars Arena Chargers Move Training Camp To Costa Mesa, Calif. San Diego State Unveils Football Stadium Plan Bills Purchase Property To Construct Practice Field Pawtucket Mayor Wants PawSox Ballpark Decision Made
DENVER GIVES UP ITS SEAT AND ASCENT LOOKS TO CASH IN
Published October 7, 1997
Ascent Entertainment will earn "about" $4M more a year from Avalanche and Nuggets ticket sales at the new Pepsi Center arena because "it won't have to pay" Denver's 10% seat tax, according to Kevin Flynn of the ROCKY MOUNTAIN NEWS. Since it will build the arena, Ascent "can bank that money, and use it to help meet the debt" of the proposed $160M arena. While Ascent "wants to break ground" in three weeks, a full agreement is expected this month which "calls for city subsidies in the form of property tax elimination and sales tax givebacks. But Ascent will privately secure the bulk of the financing" (ROCKY MOUNTAIN NEWS, 10/6).