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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).




