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PATRIOTS SUFFER TWO LOSSES? LITTLE LOVE FOR NEW STADIUM BILL
Published October 7, 1997
During a five-hour public hearing, "key" MA lawmakers joined House Speaker Thomas Finneran in "opposing" a new Patriots stadium bill and said that the state "should receive more than increased tax receipts" for its $50M investment in land and infrastructure around the Foxboro facility, according to Tina Cassidy of the BOSTON GLOBE. Near the end of the hearing, House Ways and Means Chair Paul Haley "essentially declared the bill dead on arrival in its present form." MA Acting Gov. Paul Cellucci testified for the bill that would use $30M in state aid on infrastructure improvements around the stadium and $20M to buy land at the site and lease it back to the team. The Patriots would be required to spend "at least" $50M of their own money for stadium renovation. The panel members "suggested the team could reduce taxpayers' exposure through naming rights for Foxboro Stadium, ticket surcharges" and the sale of PSLs. Patriots VP/Business Affairs Andy Wasynczuk said the team would be "definitely open" to selling naming rights, but added that it didn't want to increase ticket prices or implement PSLs (BOSTON GLOBE, 10/7).