Cavs, Indians Get Public Funds Approved UNC Keeps Smith Center Renovations On Hold Bruins Eye Corporate Events At New Facility Raptors Need One More Vote For Practice Facility Levi's Stadium Dealing With Sod Issues College Facility Notes Charles Wang Agrees To Sell Stake In Islanders College Football HOF To Open On Budget Minding My Business: NHL Kings' Aaron Brenner Coyotes May Become Profitable Ahead of Plan
Upcoming Conferences and Events
WILD AGREE TO REWORK LEASE, BUT HEAVY DEBATE REMAINS
Published April 7, 1998
Officials from St. Paul and the NHL Wild "agreed Monday to rework their lease" so that the team would pay the city from $2.5M to $6M a year in taxes on a new $130M RiverCentre arena, according to Brown & Whereatt of the Minneapolis STAR TRIBUNE. Under the new proposal, the Wild would recoup $2.1M in annual ticket surcharge proceeds and $385,000 in ad revenue currently earmarked for the city. The new deal also calls for the team to strengthen language in the lease to prevent it from being able to move. Wild CEO Jac Sperling: "We think we made a major step to address the issues raised by legislators" (Minneapolis STAR TRIBUNE, 4/7). RUMBLINGS: In St. Paul, Jack Coffman reports that the debate over state aid for the Wild's arena yesterday "seemed to be headed for a showdown" between MN Senate Majority Leader Roger Moe and Gov. Arne Carlson. Moe, a critic of providing state aid to St. Paul's hockey efforts, "cast doubt" that a plan will be part of a $970M capital budget. Carlson has said that "he'll veto a capital budget that doesn't help St. Paul" (ST. PAUL PIONEER PRESS, 4/7).