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TAMPA AUTHORITY TAKES HIT ON BUCS, BUT SAYS IT'S WORTH IT
Published January 7, 1998
The Tampa Sports Authority (TSA) lost "nearly" $4M over the past two years because of "incentives given" to the Bucs to remain in Tampa, according to Wayne Washington of the ST. PETERSBURG TIMES. The TSA lost $1.8M in '96 and $2M in '97 because it "allowed the Bucs to play in Houlihan's Stadium rent-free and keep all parking and concession revenue during those seasons." Beginning next season, when the Bucs move into a new stadium, the TSA "expects to collect" $3.5M in rent from the team and "just under" $2M from a ticket surcharge. Under normal circumstances, the county or city of Tampa "would have to cover TSA losses;" however, because the TSA held some money "in reserve against anticipated losses," that won't be the case (ST. PETE TIMES, 1/6). ADIDAS PARK? Two companies, Eckerd and Fuji, "have shown an interest" in naming rights to the Bucs stadium, and that "[a]n athletic apparel company -- possibly Adidas -- is also reportedly talking to the Bucs." The team had no comment (Dave Simanoff, TAMPA BAY BUSINESS JOURNAL, 1/5).