AAC Incumbents Get 60% Of Realignment Funds NYC FC Owners Still Hopeful On Queens Stadium NYC FC Key To Building Man City Brand Goodell Confirms Date Change For NFL Draft Finebaum Signs With ESPN, SEC Network Microsoft, NFL Unveil $400M Partnership Classified Advertisements Kevin Durant, Others Make Tornado Relief Donations Minding My Business With Jennifer O'Sullivan Stadium Kept South Florida From Getting SB
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CINCINNATI OFFICIALS OPTIMISTIC ABOUT BENGALS DEAL
Cincinnati and Hamilton County leaders "are poised to vote today on a deal to clear the way for construction" of the Bengals' $400.3M stadium complex, according to May, Goldberg & Hobson of the CINCINNATI ENQUIRER. Bengals' Dir of Stadium Development Troy Blackburn "stopped just short of saying a tentative deal had been struck" after yesterday's session among city, county and team negotiators. But Hamilton County Administrator David Krings said late last night that the staffs "were still working and will attempt to finalize a deal this morning" (ENQUIRER, 1/30). In Cincinnati, Paul Daugherty writes that Bengals Owner Mike Brown "is not Art Modell," but that his stadium stance "is still a shakedown. ... Just not at gunpoint." Daugherty: "It's the attitude. It's the arrogance of the NFL and other sports leagues. They are bullying, arm-twisting, hostage- taking, heartbreaking thugs" (CINCINNATI ENQUIRER, 1/30). -
FACILITY NOTES
The Thomas & Mack Center and Sam Boyd Stadium were awarded a $5M grant for renovation and improvement projects. The grant, which will be contingent upon an extended agreement with the National Finals Rodeo, earmarks $3M for the construction of a tunnel at the Thomas & Mack Center and $2M to reconfigure and expand Sam Boyd Stadium to 40,000 seats (THE DAILY). The National Finals Rodeo contract runs through 2000, but Las Vegas Convention & Visitors Authority officials "are looking" for a 10-year extension (LAS VEGAS SUN, 1/28)....The Bears are considering several new stadium sites but a downtown location is "very unlikely." In Chicago, Mike Mulligan reports that there is no timetable on a new stadium, "and it's unlikely one will be announced in the foreseeable future." Bears Owner Michael McCaskey added "there's no truth to a rumor that Ameritech has already signed" a $75M naming rights deal (SUN-TIMES, 1/30). -
ISLANDERS TO HAVE NEW ARENA, POSSIBLE NEW TENANT, BY 2001
In his State of the County address yesterday, Nassau County, NY, Exec Thomas Gulotta "urged" that the county get started this year on construction of a new arena for the Islanders "and other sports teams as the centerpiece of a tourist and entertainment hub in central Nassau," according to Bruce Lambert of the N.Y. TIMES. Gulotta said he wanted plans for the new arena made final this fall, with an opening date set for the 2001 hockey season. Gulotta said talks are underway with the Islanders and other pro sports franchises "that might be interested in sharing the arena, but he would not provide any details" (N.Y. TIMES, 1/30). -
MORE WOES BY THE BAY: WARRIORS' ARENA COULD FALL $20M SHORT
Revenues from the Warriors' renovated arena "could fall more than" $20M short of the "amount needed to cover annual bond payments and arena expenses during the next 10 years," according to a report prepared for the Oakland-Alameda County Coliseum Authority and cited by Renee Koury of the SAN JOSE MERCURY NEWS. The issue of whether the team or the city and county "should cover any financial gap" in the $140M Warriors deal "has become a sticking point in the negotiations for a contract giving" team Owner Chris Cohan's Warriors Arena Management (WAM) control of the arena. The contract proposal "was pulled at the last minute from the Coliseum authority's agenda Thursday." Under a proposed 30- year deal, WAM would run the arena and pay bond debt on the renovated facility. But Oakland City Manager Robert Bobb said that because WAM is "separate from the team and worth just" $500,000, the city and county would have "little recourse if it failed to pay" the arena bills. Team General Counsel Robin Baggett said the team "may voluntarily cover a shortfall, but we will not guarantee it contractually." Some Oakland city execs "are insisting the Warriors management agreement should protect the public" from covering the shortfall. The report said that the city and county "are better off letting the Warriors run the Arena, projecting deficits" of $30M-$34M over 10 years if the Coliseum manages the arena itself (MERCURY NEWS, 1/30). -
PATS EYE USE OF INCOME TAX FROM NEW TV DEAL FOR STADIUM HELP
Members of the MA Senate "are considering writing a bill that would dedicate" the Patriots increased payroll taxes to finance state-funded infrastructure improvements near Foxboro Stadium, according to Tina Cassidy of the BOSTON GLOBE. With the new NFL TV deal, teams will get an additional $40M on average per year, most of which will go to player salaries. That means the Patriots "will generate an extra" $2.4M in income taxes, "just about enough to cover" the debt service on the state spending that Owner Bob Kraft says he needs for the expansion (BOSTON GLOBE, 1/30).




