Bucks Prez Threatens Relocation Over Arena Deal Renderings Unveiled For Lakers' HQ-Practice Facility Scott Holds Ceremonial Signing for WPB Ballpark Soccer Fans Upset With Congestion At Nissan Stadium Fans Give High Marks To New Daytona Rising St. Louis Stadium Task Force Pursuing Land For Rams MLS Eyeing St. Paul For Expansion Club Redskins DC Stadium Could Hinge On Name Change NHL Rangers' Sather Passes GM Torch To Gorton PPL Park To Change Its Name
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).