Panthers Let Legal Process Play Out On Hardy Bills' Home Opener Sells Out Raptors' Ujiri Pens Op-Ed In Support Of Ferry NHL, HBO Part Ways On "24/7" Reality Series Rebrand Made Business Sense For Hornets MLB Franchise Notes Glendale's Arena Costs Over By $1M For '14 Top Ravens Execs Speak Out On Rice Situation NFL Panthers Owner Addresses Domestic Violence Bills Sale Process Expected To Move Swiftly
Upcoming Conferences and Events
NASHVILLE CITY COUNCIL SPARS BEFORE APPROVING PREDATORS DEAL
Published January 22, 1998
In Nashville, "several" Metro Council members Tuesday night "voiced" concern about the NHL Predators' "slow ticket sales," according to Rob Moritz of the NASHVILLE BANNER. The members "tried to defer" a vote on the $21M bond issue to pay the city's portion of the NHL's $80M franchise fee for the team. Members also tried to "amend the bill to require" that the $21M be "returned to Metro if the team leaves within five years." But Councilmember Eileen Beehan told the group that the deal was approved two years ago, and added, "We made this pledge." Two resolutions appropriating the bonds were then OK'd by a voice vote. The $21M will be in an escrow account and the team "will use the money as collateral to borrow additional money to help pay its share of the franchise fee." If the team doesn't sell the 12,000 season tix mandated by March 31 and does not receive a franchise, the city will get the $21M back (BANNER, 1/21).