AEG Seeks Extension On L.A. Stadium Project NHL Strikes Deal With GoPro Cameras Patterson: Taxpayers Should Help With New UT Arena Stanford Teams With AT&T, Sporting Innovations Facility Notes Sportsnet Reveals New Hockey Central Studio Vinik Plans On Continuing Spending Near Cap Angels End Lease Talks With Anaheim Barclays Center Not Yet Fit For Islanders Games Kraft Expands NHL Deal To Include U.S.
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).