SBD/24/Facilities Venues

Print All
  • FACILITY NOTES

              The Stade de France, the new sports stadium in Paris
         built for the World Cup, will issue an asset-backed bond to
         refinance part of its $434M construction costs.  The bond
         will be "secured against the takings on future gate
         receipts" (FINANCIAL TIMES, 6/23)....In Cincinnati, Skyline
         Chili is looking to encourage Cincinnati-area companies to
         raise $3M in '99 to help fund a Reds museum that would be
         "built in the new stadium" (CINCINNATI POST, 6/23)....In
         Raleigh, a NEWS & OBSERVER editorial called on all future
         meetings between the Hurricanes and the local governing
         authority on cost overruns at the new arena to be held in
         public.  The team is asking for certain concessions in
         exchange for covering cost overruns and the editorial
         stated, "Let the building's major investors, the people of
         this region and state, see just what the team is demanding"
         (Raleigh NEWS & OBSERVER, 6/23)....Nationwide Realty
         Investors and partners are "considering" $30-40M in
         development adjacent to the new Nationwide Arena, currently
         under construction in Columbus (COLUMBUS DISPATCH, 6/23).
    
    

    Print | Tags: Carolina Hurricanes, Cincinnati Reds, Facilities, Gale Force Holdings, Nationwide Insurance
  • PANTHERS ARENA DEVELOPERS NEED LOAN TO FILL UP CASH KITTY

              Broward County, FL, commissioners voted to "freeze" $9M
         to cover back wages owed to construction workers on the NHL
         Panthers' new arena, according to Meg James of the MIAMI
         HERALD.  At issue is "at least" $6M in back wages "owed to
         construction workers" due to insufficient wages.  The move
         "leaves" $7M in county money available for the Panthers to
         complete construction of the $184.5M arena, which is "edging
         closer" to $200M.  Broward Finance Dir Phil Allen said that
         Arena Development Co. is "lining up" a $10M bank loan "to
         complete the project after the county money dries up this
         summer."  Commissioners said they "needed to move quickly to
         prevent the depletion of the remaining" $16M in the
         construction budget (Meg James, MIAMI HERALD, 6/24).
    
    

    Print | Tags: Facilities, NHL
  • RAVENS: WE'LL ALWAYS HAVE PARRIS, ON OUR SIDE OF THE STADIUM

              The administration of MD Gov. Parris Glendening
         "defended its optimistic predictions about the economic
         benefits" of the Ravens' new stadium, disputing a recent 
         "legislative report that says the projections are
         exaggerated," according to Charles Babington of the
         WASHINGTON POST.  Acting Secretary of the Department of
         Business & Economic Development James Fielder said that the
         legislative report "underestimates the ongoing economic and
         fiscal impacts of the proposed Baltimore stadium." 
         Babington reports that the stadium's economic influence "has
         been a touchy political subject" since '96 when Glendening
         "fought hard" to gather support for publicly-financed $220M
         stadium.  In assessing the economic impact, Babington
         reports that the two sides "differ" on the degree to which
         the stadium-related spending would occur elsewhere if the
         stadium didn't exist and on the size of the subsequent
         "multiplier effect" (WASHINGTON POST, 6/24).
    
    

    Print | Tags: Baltimore Ravens, Facilities
  • RED SOX PUT UP THEIR DUQUE, BUT HE OFFERS LITTLE ON BALLPARK

              Red Sox Exec VP & GM Dan Duquette addressed the Greater
         Boston Chamber of Commerce yesterday and said the team has a
         "spectacular plan" for a new ballpark which they will unveil
         "once we have our ducks in a row," according to Joan
         Vennochi of the BOSTON GLOBE.  Duquette "did rule out the
         idea of rebuilding Fenway Park."  Red Sox Exec              
         VP/Administration John Buckley said there was "no fixed
         date" to announce the ballpark plan.  Vennochi: "The Sox
         still seem far from prepared to unveil anything close to a
         final proposal. ... In fact, they seem preoccupied with
         other matters," including hosting the '99 All-Star Game and
         racial harassment allegations filed by a former employee. 
         She adds, "On the positive side, Duquette easily charmed the
         business crowd ... [and] took the edge off the image
         perpetrated by the sports media that he is arrogant and
         aloof."  But while he "wasn't aloof or arrogant," he did
         seem "unsure and uncertain" regarding a new ballpark, "[a]nd
         that is bad PR for him and the Sox" (BOSTON GLOBE, 6/24).
    
    

    Print | Tags: Boston Red Sox, Facilities
  • REGRETS, WE'VE HAD A FEW: BETTMAN APOLOGIZES FOR LEAVING MN

              NHL Commissioner Gary Bettman attended groundbreaking
         for the $130M St. Paul arena which will house the expansion
         NHL Wild, according to Curt Brown of the Minneapolis STAR
         TRIBUNE.  Bettman "apologized" to the fans, saying that the
         NHL "never should have left Minnesota five years ago and
         promising it will thrive in St. Paul in the next century." 
         Bettman: "We are thrilled to be back here once again, and
         we're sorry we ever left."  After the ceremony, Bettman said
         that he "has no doubts the Wild will succeed," even though
         St. Paul has never had a major league sports franchise. 
         Bettman: "Based on my understanding of the demographics of
         how the Twin Cities metropolis is expanding, this is
         actually the right place to be" (STAR TRIBUNE, 6/24). 
              FAME COMES QUICKLY: Discussions between Wild officials
         and U.S. Hockey Hall of Fame officials "are pointing to
         development of a satellite hall of fame exhibit" at the
         Wild's new arena.  Wild VP/Communications & Broadcasting
         Bill Robertson said that the team has "had preliminary
         talks" with the hall of fame (ST. PAUL PIONEER PRESS, 6/24).
    
    

    Print | Tags: Facilities, Minnesota Wild, NHL
  • TWO-GAME CROWD OF 108,091 NOT ENOUGH: GEORGE WANTS NEW PARK

              Despite drawing crowds of 53,316 and 54,775 to Yankee
         Stadium for the two Yankees-Braves interleague games on
         Monday and Tuesday, Yankees Owner George Steinbrenner
         renewed his desire for a new ballpark yesterday. 
         Steinbrenner, on Cleveland's Jacobs Field: "They're sold out
         every night.  Every single night.  They have what we had
         (Monday) night every single night. ... It's the same in
         Baltimore.  Every single night" (N.Y. DAILY NEWS, 6/24).  In
         N.Y., Harvey Araton writes, "Tell us another one.  Keep
         setting obstacles in the Bronx and daring New Yorkers to
         cross them.  Face it, big guy, they will build a nuclear
         test site in Manhattan before they build you a ballpark"
         (N.Y. TIMES, 6/24).  Steinbrenner, telling the media of the
         need for a park: "To make you guys understand, what I should
         do is take away your parking privileges and make you hunt
         for a parking space the way I saw people doing the other
         night."  The POST's Wallace Matthews claims the team already
         pulled those privileges: "[E]ven when 50,000 show up, he
         still finds something to complain about" (N.Y. POST, 6/24). 
           
    

    Print | Tags: Atlanta Braves, Facilities, New York Yankees, Time Warner, YankeeNets
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug