St. Louis Business Execs Stay Quiet On Rams Stadium Temporary Tarp Place Over Roof At U.S. Open Dolphins Unveil Sun Life Stadium Renovations Louisville Announces Stadium Expansion Plan Lexus Gets Dallas Arena's Platinum Level Name DraftKings Inks Deals With Cowboys, Chiefs, Pats University Plans Threaten Downtown Cincy Project Raiders Move Into New Training Facility Iowa State Completes South End Zone Renovations Florida Close On O'Connell Center Financing
PANTHERS ARENA DEVELOPERS NEED LOAN TO FILL UP CASH KITTY
Published June 24, 1998
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).