Unions, Inglewood NFL Developers Reach Deal Bucks Developing Master Plan For New Arena Reds Install Self-Ordering Kiosks Manfred Mum On Rays' Ballpark Situation Olympia Tweaks Red Wings Arena Project Vikes Selling Personalized Bricks At New Venue NFL May Move Up L.A. Stadium Timeline LSED OKs Upgrades For Saints, Pelicans Packers Making Suite Windows Retractable Wrigley Renovation To Take Extra Year
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Published February 5, 1998
The IN House passed legislation Tuesday that would "give the public or a group of private investors a chance to buy" professional sports teams should they try to leave after receiving public subsidies. Both the Colts and Pacers said they will continue to oppose the bill while the legislation now goes to the State Senate. IN Gov. Frank O'Bannon has yet to take a position on the legislation (STAR-NEWS, 2/5)....A bill introduced in the CO Senate asks taxpayers to pay 75% of "whatever" the cost for the Broncos stadium ends up to be, "eliminating the team's obligation to pay for any cost overruns." It also removes the $180M cap on the taxpayers contribution approved two years ago. The bill would also call for a May vote (ROCKY MOUNTAIN NEWS, 2/4)....A first-round game of soccer's Gold Cup between Brazil and Jamaica drew 43,745 at the Orange Bowl (MIAMI HERALD, 2/4)....While speculation has the cost of a new Raleigh arena running $3M over budget and "several months" behind schedule, Hurricanes Owner Peter Karmanos said that his team would contribute no more than the $20M currently earmarked in the deal (NEWS & OBSERVER, 2/5).