SBD/18/Facilities Venues

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  • BRONCOS STADIUM PLANS RECEIVE SOME MILE HIGH GUIDELINES

              A new Broncos stadium "could be called Mile High, would
         not have a retractable roof dome, and a fourth of the cost
         would be paid by team owner Pat Bowlen under a bill approved
         by a House committee Monday night," according to Peggy Lowe
         of the DENVER POST.  As the bill now stands, Bowlen would
         have to pay for 25% of the stadium, which he estimated will
         cost at least $340M without a dome.  Previously, Bowlen's
         cost was capped at $100M.  Under the present bill, the
         amount of taxpayer subsidy is unchanged, at $266M.  The
         measure, already approved by the Senate, would extend a six-
         county 0.1% sales tax, already in place for Coors Field, to
         2018 (DENVER POST, 3/17).  In CO Springs, Mary Boyle
         reported that the committee also voted to retain the name
         Mile High Stadium, "despite the fact that selling the naming
         rights could save taxpayers as much as" $20M.  Boyle added
         that the bill still "faces more controversy on the House
         floor" (GAZETTE TELEGRAPH, 3/17).  In Denver, Chuck Green
         writes that the House "should be proud" of the committee's
         decision to require Bowlen to pay one fourth of the
         construction costs, "since that is a practical way of
         limiting extravagant spending."  Green adds that the total
         project "is likely to cost in excess of" $500M "and probably
         more than" $600M (Chuck Green, DENVER POST, 3/18).
    
    

    Print | Tags: Denver Broncos, Facilities
  • CORPORATE DOLLARS PICK UP D'BACK SHUTTLE EXPENSES

              Phoenix "likely will provide shuttle buses" for the
         Diamondbacks, but "won't be footing the bill," according to
         Chris Fiscus of the ARIZONA REPUBLIC.  Under a compromise
         reached Tuesday, corporate dollars would fund the cost --
         about $20,000 per month -- to operate buses on game days for
         two or three months.  Fiscus writes that the deal "would
         replace a controversial plan that called for a city-funded
         shuttle" for the team.  The City Council will vote on the
         bus plan today.  Fiscus adds that the city "balked" at a
         plan submitted Tuesday by Southwest Charter Lines to provide
         shuttle transportation, "because of its cost and because the
         city could not provide the buses without going out for bid." 
         Southwest today will submit an updated bid without asking
         for use of the city buses (ARIZONA REPUBLIC, 3/18).
    
    

    Print | Tags: Arizona Diamondbacks, Facilities
  • FACILITY NOTES

              The Tigers officially announced a deal with Tokyo-based
         Sumitomo Bank to finance their new ballpark.  Sumitomo will
         fully underwrite the $145M transaction (Tigers).  The Tigers
         "pledged control of" the new stadium and the projected
         revenues it will generate as collateral to secure the loan
         from Sumitomo (DETROIT FREE PRESS, 3/18)....MA House Speaker
         Thomas Finneran yesterday said that he "opposed a Senate
         plan to help" the Patriots build a new stadium in Foxboro
         "unless the state received part ownership of the stadium,
         related commercial development, or the team itself."
         Finneran: "[T]here's not a great deal of support or
         sentiment in the House for the gift of $20 million in
         exchange for a piece of land that we're not then able to use
         for '99 years" (BOSTON GLOBE, 3/18).
    
    

    Print | Tags: Detroit Tigers, Facilities, New England Patriots
  • PIRATES UNVEIL BALLPARK PLAN: WILL PUBLIC GO FOR IT?

              Pirates Managing General Partner Kevin McClatchy "wowed
         a crowd of Pittsburgh notables" with his model of a new
         ballpark, "but shed little light on the team's contribution"
         to its $203M cost, according to Rich Lord of the Pittsburgh
         TRIBUNE-REVIEW.  McClatchy said he was "extremely confident"
         that the stadium will be completed by Opening Day, 2001. The
         team is aiming for a groundbreaking in 14 months. Though the
         team will only sign a 25- to 30-year lease, McClatchy
         predicted the park "would keep baseball in Pittsburgh for
         another 111 years" if the team, state, city of Pittsburgh
         and Allegheny County can "formalize a suitable financing
         agreement."  McClatchy: "The money's not in the bank yet." 
         Pirates VP/New Ballpark Development & Comm. Steve Greenberg
         said that the team is negotiating naming rights with "at
         least two" local companies, including PNC Bank.  Plans for
         the new 38,000-seat ballpark include 64 luxury suites, 540
         Field Club seats (with access to a private lounge), 2,260
         upper club seats, with an average ticket price of $15 and
         10,000 seats priced under $10 (PITT. TRIBUNE-REVIEW, 3/18). 
              REAX: In Pittsburgh, Kim Burger writes that "skepticism
         was the sentiment all over" the city on Tuesday (TRIBUNE-
         REVIEW, 3/18).  Columnist Bob Smizik: "It has been some time
         since the baseball future of the region looked so promising"
         (PITTSBURGH POST-GAZETTE, 3/17).     
    
    

    Print | Tags: Facilities, Pittsburgh Pirates
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