SBD/11/Facilities Venues

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  • EXPOS PUT TOGETHER BOOSTER COMMITTEE TO RAISE STADIUM FUNDS

              The Expos "unveiled their secret weapon and last, best
         hope in efforts to raise at least" C$75M in private funds
         for a new ballpark -- "a salesforce of the city's corporate
         elite who will try to make Quebec businesses give until it
         hurts," according to Jonathon Gatehouse of the Montreal
         GAZETTE.  The six-man booster committee, which includes
         former Canadiens GM Serge Savard, has "less than four months
         remaining to persuade their friends and associates to pony
         up" C$42M to keep the team in Montreal.  With a June 30
         deadline approaching, the Expos have raised C$33M, selling
         "only" 3,500 of 18,000 PSLs and 35 of 60 corporate boxes for
         their proposed $250M stadium.  Gatehouse writes that
         corporate support "is key" to Expos President Claude
         Brochu's efforts to obtain financing for the ballpark.  Team
         officials said that they "are optimistic about the booster
         committee's chances of succeeding in the boardrooms, where
         the club has repeatedly failed to sell tickets" (GAZETTE,
         3/11).  Brochu said that 1,500 of the PSLs sold were the
         "most expensive" available, selling for C$10,000 each.  He
         also said that 40%-50% of the major corporations in Montreal
         "have not yet made a contribution," and that "some type of
         public financing" would be discussed "at a later stage." 
         Brochu: "We will find a method satisfactory to taxpayers,
         the government and ourselves" (Toronto GLOBE & MAIL, 3/11).
              REAX: From a Montreal GAZETTE editorial, entitled
         "Stepping Up To The Plate": "[A PSL] is a small investment
         for any company that cares about the quality of life in
         Montreal and the future of the downtown core. ... Losing
         [MLB] would be an economic blow to the tourism industry, but
         its biggest impact would be psychological.  For a city
         struggling to regain its former stature, the departure of
         the Expos would be a defining moment, of the very worst
         kind" (GAZETTE, 3/11).  In Toronto, Stephen Brunt writes on
         the economic troubles of the Expos and NHL Oilers.  Brunt:
         "Do enough people in Montreal give a damn if the Expos stay
         or go? In the months since the stadium project and the
         deadline were first made public, the answer has seemed to be
         no.  There hasn't been the sense of urgency, of crisis, that
         went with the Jets' departure from Winnipeg, or the Oilers'
         struggles.  Interest in the Expos, if you judge by the
         turnstile count, is at a low ebb" (GLOBE & MAIL, 3/11).
    
    

    Print | Tags: Edmonton Oilers, Facilities, MLB, Montreal Canadiens, New York Jets, NHL
  • NEW ANGEL IN THE OUTFIELD: PEPSI PLUGS INTO TO EDISON

              Disney signed a 10-year deal with PepsiCo for pouring
         rights at Edison Int'l Field, according to the L.A. TIMES. 
         Terms were not disclosed.  According to the report, "Coca-
         Cola Co. walked away from a new contract to be the sole soft
         drink supplier" at Edison Field, "[b]reaking a long-standing
         arrangement with Walt Disney Co."  Coke, which has been the
         sole soft drink supplier to Disney's theme parks since 1955,
         had the right to match Pepsi's offer but "decided that the
         price was too high" (L.A. TIMES, 3/11).  The deal gives
         Pepsi pouring exclusivity in eight MLB parks, while Coke has
         rights to the other 22 parks (Skip Wollenberg, AP, 3/11).
    
    

    Print | Tags: Coca-Cola, Facilities, MLB, PepsiCo, Walt Disney
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