Menu
Facilities Venues

SPURS ARENA PLAN IN JEOPARDY OVER FINANCING PLAN

          North East School District Officials in San Antonio
     "threatened ... to pull out of all talks" with the Spurs
     over the financing of a new arena, which would "effectively
     kill any deal," according to Christopher Anderson of the SAN
     ANTONIO EXPRESS-NEWS.  School leaders were "alarmed over"
     how much property tax revenue they would have to "sacrifice
     to the project."  But a Spurs exec said that the team would
     be "willing to give up some of the money generated" if the
     $156M arena is built.  Spurs Exec VP Leo Gomez: "The
     district has some needs and there's a price tag attached to
     that.  That price tag is going to have to be taken care of
     somewhere."  School leaders also "demanded" that the Spurs
     come up with enough money "to offset the district's
     projected losses of more than" $100M over 25 years.  North
     East School District Superintendent Richard Middleton:
     "We're not committed to losing money.  If there's no plan,
     ... we are out of it."  But Gomez said the school district's
     is "claiming money they don't have" (EXPRESS-NEWS, 11/12).  
      

SBJ Morning Buzzcast: April 24, 2024

Bears set to tell their story; WNBA teams seeing box-office surge; Orlando gets green light on $500M mixed-use plan

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/11/12/Facilities-Venues/SPURS-ARENA-PLAN-IN-JEOPARDY-OVER-FINANCING-PLAN.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/11/12/Facilities-Venues/SPURS-ARENA-PLAN-IN-JEOPARDY-OVER-FINANCING-PLAN.aspx

CLOSE