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SEAHAWKS INK STADIUM LEASE, IN DEAL TERMED AS "FAIR"

          First & Goal, parent company of the Seahawks, "inked a
     stadium lease" with the Public Stadium Authority (PSA),
     according to Brier Dudley of the SEATTLE TIMES.  Team Owner
     Paul Allen will pay $850,000 a year to lease the $430M
     stadium, exhibition hall and garage opening in 2002 on the
     site of the Kingdome.  Allen will get all revenue from
     stadium and parking, and 80% of revenue from the exhibition
     center.  A lease analysis done by Deloitte & Touche for the
     PSA shows that the Seahawks' total occupancy cost, for the
     stadium will be "third-highest among 12 recent stadium
     projects," behind only the Redskins and Panthers.  The team,
     however, will pay "one of the lowest rents" among the 12
     teams surveyed.  There are 10 "new or forthcoming" stadiums
     that were not included in the survey.  The lease is for 30
     years, with options for 20 more (SEATTLE TIMES, 9/25).    

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