Astros Take PR Hit With Unsigned Top Pick Report: Bills Could Sell For More Than $1.1B Dolphins Look to Reclaim South Florida Market Vikings Suspend Priefer Three Games Yankees Deny Hiking Prices For Jeter Ceremony Game MLB Franchise Notes Franchise Notes Monfort Blaming Front Office For Rockies' Woes? Tickets High In Demand For CFL's Return To Ottawa Franchise Notes
Upcoming Conferences and Events
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).