Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions UNLV Faces Challenges In Sharing Raiders Venue MSG Partners Get Digital Play At NCAA Regionals MLL Bayhawks Want 10,000-Seat Facility Facility Notes
BRONCOS STADIUM PLANS RECEIVE SOME MILE HIGH GUIDELINES
Published March 18, 1998
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).