SBD/18/Facilities Venues

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  • CITY LISTS CONDITIONS IN WHICH BRONCOS CAN BREAK THEIR LEASE

              A preliminary draft of conditions the City of Denver
         has set for the Broncos calls for the team to commit to
         playing at a new stadium in Denver for 25 years in order to
         be released from its Mile High lease, according to Alan Snel
         of the DENVER POST.  The metro football stadium district
         also would have to buy property at the Denver Sports Complex
         -- the proposed new stadium site -- from the city, "while
         the Broncos would be responsible for paying the city for
         demolishing Denver-owned Mile High."  The document serves as
         the city's "starting point" for negotiating the terms in
         which the Broncos could break their Mile High lease, which
         expires in 2018.  Although the document addresses "several
         key topics," Snel writes that one of its "biggest unanswered
         questions is the amount of money the Broncos will compensate
         the city to cover Mile High's debt refinancing and parking-
         area acquisitions from 1985" (DENVER POST, 12/18).
    
    

    Print | Tags: Denver Broncos, Facilities
  • FACILITY NOTES

              Devils Owner John McMullen will hold a press conference
         on Friday in response to a Newark Star-Ledger report that he
         has interest in a possible new arena in Hoboken, NJ (N.Y.
         TIMES, 12/18)....Penn State Univ. has hired Coopers and
         Lybrand to survey season-ticket holders and business owners
         about putting in luxury boxes and club seats (PHILADELPHIA
         INQUIRER, 12/18)....The Pacers "are trying to devise" a
         retail or restaurant project for a 10,000 square-foot corner
         of their new arena, the Indiana Fieldhouse (STAR-NEWS,
         12/17)....The Marketing Arm GM Ray Clark calls Dallas-based
         companies Blockbuster, Interstate, JCPenney and Exxon as
         "prospects" for a naming rights deal to the Mavericks and
         Stars facility (STAR-TELEGRAM, 12/18).
    
    

    Print | Tags: Dallas Mavericks, Dallas Stars, Facilities, Indiana Pacers, New Jersey Devils, Southwest Sports Group, YankeeNets
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