SBD/9/Facilities Venues

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  • FACILITY NOTES

              In Hartford, CT State Rep. Carl Schiessl wrote an op-ed
         comparing UConn's failed bid for a new football stadium with
         other university projects throughout the country.  Of the 21
         schools that built or renovated stadiums in the past 10
         years, only four projects used state funds, while a
         combination of private donations, athletic-event revenues
         and student fees most often funded stadium projects.  Major
         portions of 13 projects were funded with gifts, private
         sources and donated services (HARTFORD COURANT, 12/7)....In
         NC, attorneys for Raleigh's Centennial Authority, the public
         body in charge of the new arena, have submitted legal bills
         for "more than" $500,000.  That number covers the work of
         four firms that have operated on the Authority's behalf
         since its formation in the fall of '95 (NEWS & OBSERVER,
         12/9)....White Sox Chair Jerry Reinsdorf said that the club
         is "looking into 30 or 40 options designed to improve"
         Comiskey Park (CHICAGO SUN-TIMES, 12/9)....In Denver,
         columnist Woody Paige has begun to refer to the Pepsi Center
         as "The Can," despite the objection of local Pepsi execs. 
         He calls "The Can" an acronym for "The Center for the
         Avalanche and the Nuggets" (DENVER POST, 12/8)
    
    

    Print | Tags: Chicago White Sox, Colorado Avalanche, Denver Nuggets, Facilities, PepsiCo
  • PUBLIC BEGINNING TO SAY NO TO PUBLIC FINANCING OF STADIUMS

              The emerging public backlash to publicly financed
         sports facilities was examined in BUSINESS WEEK by Jay
         Weiner of the Minneapolis Star-Tribune and Justin Catanoso
         of the Greensboro News & Record.  Weiner & Catanoso:
         "[P]ublic financing for pro sports facilities is no longer a
         slam-dunk."  Univ. of Chicago sports economist Allen
         Sanderson says that "a better-informed public has become
         skeptical of sports investments."  Sanderson: "Sports do not
         create very many jobs, and there's no evidence that they
         help attract new industry."  Weiner & Catanoso: "Communities
         have long paid dearly to support their teams, but the costs
         have reached unconscionable levels.  The economics of pro
         sports is spinning out of control, and perhaps the only
         thing that can rein it in is the voice of people ...  Voices
         that won't take it anymore" (BUSINESS WEEK, 12/15).
     
    

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