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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). -
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). -
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). -
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). -
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). -
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).




