A's Reinvesting All Revenues Into Coliseum, Club Twins Owner Says Club Is Not For Sale Royals Will Not Exceed Current Payroll Sources: Penguins Getting $25M Investor Vikings Upset Over MLS Games At New Stadium Browns Make Case To Maintain Personnel Tigers Need To Reduce Payroll By $20M Sources: Chargers Expected To Move To L.A. In '17 Yanks Set To Benefit From New MLB CBA Losing Revenue Sharing Could Cut A's Payroll More
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).