Chris Evert Places Boca Raton Estate On Market Syracuse Wrapping Up MetLife Stadium Deal LA 2024 Bid Gets $250M Guarantee From State Concerts Expected To Boost U.S. Grand Prix Crowds Chargers Will Not Build Stadium In Mission Valley Epstein's Deal With Cubs Serves As Benchmark UFC Brings 23 Celebrity Investors On Board MLB Game Viewership Lower On ESPN ESPN Negotiates Out-Of-Home TV Deals ScoreBig Providing Order Sources Amid Financial Woes
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Penske Motorsports said Wednesday that the NC Business Court in Charlotte ruled in its favor and dismissed a lawsuit by Speedway Motorsports Chair Bruton Smith. Smith filed the suit against Penske, NC Motor Speedway (NCMS) and the directors of the Rockingham, NC, track, challenging the proposed merger of Penske and NCMS (Mult., 11/6)....With the MA House close to approving a convention center bill for Boston, Mayor Thomas Menino said, "Now that the convention center is on the one-inch line, I hope in the very near future we will be able to work with the Red Sox on their commitment to Boston" (BOSTON GLOBE, 11/7)....The 81 suites at the new Tiger Stadium will cost between $90,000-125,000 per year to lease, "a deal compared with prices at some other new baseball parks." Tigers VP/Business Ops David Glazier: "We tried to be realistic. This is the only market in the country where all four teams have their own buildings (and suites)" (DETROIT NEWS, 11/5).
Modell's Sporting Goods will open a 2,500-square-foot store at the MCI Center when the arena opens December 2. The store will feature an information kiosk, satellite feeds of sporting events, and a "visitor's locker room section," which will feature merchandise of the Wizards' or Capitals' opponent each night (Modell's Sporting Goods). MORE ON MCI: In DC, Pat Lopes examines other businesses at the MCI Center. The Velocity Grill is a 500-seat, 20,000-square-foot restaurant and bar, with an 800-square- foot glass floor over the Wizards' practice courts. MCI will also open its first store in a sports arena. The "other major retail tenant" is the Discovery Channel Store, which is slated to open February 14 (WASHINGTON BUSINESS JOURNAL, 10/31 issue)....Abe Pollin is interviewed by Ken Adelman in WASHINGTONIAN magazine. Pollin, on Washington as a sports city: "I find it maddening to see guys who have lived here 20 years rooting for their former home teams" (WASHINGTONIAN, 11/97 issue)....After Pollin's teams move to the MCI Center in December, the MD-based Cordish Co. will "begin converting" US Airways Arena into an amateur sports facility "ringed by movie theaters, restaurants and entertainment-oriented stores," according to Maryann Haggerty of the WASHINGTON POST. Cordish President David Cordish said that construction is scheduled to begin in December or January, and the first phases of the project "should be open" by late 1998. Cordish's firm is will partner with Pollin on the project. Pollin owns the arena and leases the surrounding land (WASHINGTON POST, 11/7).