Revenue Up For Sun Life Stadium In FY '14 CSU Panels Supports On-Campus Stadium Virginia Beach Reaches Deal To Build $200M Arena Facility Notes Avaya-Earthquakes Deal Worth $20M Renovated Citrus Bowl Open For Business Mavericks Installing High-Tech Camera System Facility Notes Mets Will Move In Citi Field Fences Bucks, UWM Meet About Future Of Panther Arena
CITIES WRESTLE WITH HOW BEST TO HANDLE FACILITY ISSUES
Published November 25, 1997
The city of Denver has paid $1.5M in legal, financing and engineering consultants to handle issues concerning replacing Mile High Stadium and McNichols Arena since '91, according to Alan Snel of the DENVER POST. Snel: "Hiring sports consultants poses an age-old dilemma for cities. Faced with local professional teams seeking new taxpayer- subsidized stadiums, municipalities nationwide have to decide whether it's more cost-effective to create in-house positions to handle complicated stadium negotiations or hire private-sector consultants for those jobs." Denver has "gone the consultant route" and its top money-makers have been local development lawyer Tom Ragonetti and MN sports finance consultant Craig Skiem (DENVER POST, 11/23). IS IT WORTH IT? Snel listed all sports facility-related expenditures, which included $255,866 to Coopers & Lybrand from '91-95 for financing advice on "sports trends" and the arena issue. The city has also paid Skiem's MN-based CSL Entertainment $215,605 over six years. City Council President Cathy Reynolds: "Yeah, the city spent a lot of money on consultants. But it's worth it." Mayoral staffer Liz Orr said having people work in-house on sports "is a waste of taxpayer money." Skiem added that he "doesn't know one city that has a full-time staff person that performs" his type of consulting duties (DENVER POST, 11/23).