SBD/27/Facilities Venues

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  • EARNING THEIR STRIPES: TIGERS SUITES FILLING UP FAST

              The Tigers are collecting $25,000 down payments for
         luxury boxes at their new stadium, even though Opening Day
         is almost two years away, according to Mark Puls of the
         DETROIT NEWS.  The team has already leased 32 suites and
         expects to have 50 leased in the next few weeks.  The
         stadium will have 106 boxes, including 94 leased ones.  The
         other 12 will be held by the city and the Tigers.  Tigers
         VP/Business Operations David Glazier: "We are ahead of where
         Seattle was at this point and where Milwaukee was in leasing
         their suites."  Boxes range from $75,000 to $125,000
         (DETROIT NEWS, 5/27).  The Tigers plan to keep 10 suites for
         day-of-game rentals (DETROIT FREE PRESS, 5/27).  
    
    

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  • EXPOS EYE LAND NEAR PLANNED PARK FOR POSSIBLE DEVELOPMENT

              The Expos "filed papers last week" with the city of
         Montreal to develop a 1.4-million-square-foot property that
         is adjacent to their proposed site for a new ballpark,
         according to Basem Boshra of the Montreal GAZETTE.  The
         team's plan calls for construction of "three high-rise
         buildings" that would include a hotel, stores and offices as
         well as residential apartments.  The buildings would be
         located "just beyond the park's right-field fence."  Expos'
         VP/Development Laurier Carpentier said that any development
         "could be as much as 10 years away" (GAZETTE, 5/27). 
    
    

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  • FACILITY NOTES

              N.Y. STORIES: NYC Mayor Rudy Giuliani "will consider
         leading a campaign to abolish term limits for City Council
         members" if Council Speaker Peter Vallone "drops his drive
         for a referendum on a new Yankee Stadium (N.Y. TIMES, 5/24). 
         Former NY Gov. Mario Cuomo, who is working as an unpaid
         advisor to Yankees Owner George Steinbrenner, wrote an op-ed
         in the DAILY NEWS under the header "Don't Drive Yanks to New
         Jersey."  He called on city leaders not to rush a referendum
         without the proper study  (N.Y. DAILY NEWS, 5/26).
              OTHER NOTES: Dover Downs Entertainment, parent of Dover
         Downs Speedway and Nashville Speedway USA, is listed among
         BUSINESS WEEK's "Hot Growth Companies."  Due to its "booming
         gaming and motor-sports business at its Dover Downs Complex,
         it has racked up average annual revenue and earnings growth
         of 99.8% and 70.9%, respectively, over the past three years"
         (BUSINESS WEEK, 6/1 issue)...In Chicago, "leading developers
         have dismissed" Bears Owner Michael McCaskey's "talk" of a
         new stadium and hotel/convention center in Elk Grove Village
         outside the city and say "he'll be forced to meet" city
         Mayor Richard Daley's "demand for a lease extension" at
         Soldier Field (CHICAGO SUN-TIMES, 5/24)....In Miami, Cindy
         Krischer Goodman compared the arena deals in Miami and
         Broward County and wrote that Wall Street investors "were
         wowed by just how strong sales" of the Heat's new arena's
         luxury suites have been.  The Heat "is well on its way" to
         rasing more than $13M a year from luxury seating, "double
         the average for a typical single-sports arena."  Aaron
         Barman, Managing Dir of Prudential Securities, which placed
         the $185M in bonds: "We are impressed by the strong levels
         of commitments almost two years before the building is open"
         (MIAMI HERALD, 5/23).  In Ft. Lauderdale, Alan Snel wrote
         that the bond placement is "notable' for its 27-year term
         and 6.7% annual interest -- the lowest rate on record for
         any modern arena (Ft. Lauderdale SUN-SENTINEL, 5/24).
    
    

    Print | Tags: Chicago Bears, Facilities, Miami Heat, New York Yankees, Prudential Securities, YankeeNets
  • NET RESULTS: BRONCOS PAY $62,000 TO LOBBY FOR NEW STADIUM

              The Broncos spent almost $62,000 to win passage of a
         bill authorizing a vote on a new football stadium during
         this year's legislative session, according to Peggy Lowe of
         the DENVER POST.  The money paid for 13 "high-powered
         lobbyists" who worked to get measure SB 171 approved by the
         General Assembly.  The "primary" lobbyist for the Broncos,
         Bill Artist, reported $5,000 in income from the Broncos for
         the four-month session, while Porter Wharton III, "the most
         visible of the Broncos lobbyists," reported $33,950 from the
         team during the session.  The law firm of Brownstein, Hyatt,
         Farber & Strickland reported billing the Broncos $22,748,
         not counting April records (DENVER POST, 5/23).
    
    

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  • PACERS INK CONSECO TO NAMING RIGHTS DEAL FOR NEW FIELDHOUSE

              The Pacers on Friday announced a 20-year naming rights
         agreement to its new Fieldhouse arena with IN-based Conseco,
         Inc.  The 18,500-seat Conseco Fieldhouse will open for the
         '99-2000 season (Conseco).  In Indianapolis, Sean Horgan
         reported that the insurance and financial services company
         has agreed to pay the Pacers $2M a year for the next 20
         years.  The deal includes a "reopener clause," which allows
         the Pacers to review the $2M annual fee after 10 years "in
         relation to the value of naming rights for athletic
         facilities across the country."  Conseco also holds right of
         first refusal, giving it the opportunity to retain the
         naming rights beyond the life of the current deal.  Conseco
         Chair Stephen Hilbert: "I think it's going to be one of the
         best bangs for our dollar" (INDIANAPOLIS STAR-NEWS, 5/23).
    
    

    Print | Tags: Facilities, Indiana Pacers
  • STARS AND MAVS CHOICE OF SCHWARTZ FOR ARENA DESIGN DRAWS IRE

              The Stars and Mavericks chose DC-based architect David
         Schwarz to design Dallas' new $230M downtown sports arena,
         according to Joy Dickinson of the DALLAS MORNING NEWS. 
         Schwarz designed The Ballpark in Arlington and Disney's
         World of Sports complex in FL.  Stars Owner Tom Hicks said
         some of the other preliminary designs "were a little too
         futuristic" (DALLAS MORNING NEWS, 5/26).  But a "losing
         architect" said that arena developers did an "about-face" in
         picking a design with a "historical rather than modernistic
         feel."   William Pederson, of Kohn Pederson Fox: "If that's
         what they wanted, they should've told us that upfront"
         (DALLAS MORNING NEWS, 5/27).  Also in Dallas, architectural
         writer David Dillon criticized the selection and wrote that
         Schwarz "presented another piece of lick-and-stick
         architecture that will make thoughtful observers wonder
         whether Dallas can even spell 'millennium'" (David Dillon,
         DALLAS MORNING NEWS, 5/26).
    
    

    Print | Tags: Dallas Mavericks, Dallas Stars, Facilities, News Corp./Fox, Southwest Sports Group, Walt Disney
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