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REMEMBER THE ALAMODOME: SPURS' LOSSES MOUNTING AT FACILITY

          In an "effort to build support for a new arena," the
     Spurs released financial projections Wednesday "showing the
     team would lose" $15.6M over the next three years by playing
     in the Alamodome, according to Christopher Anderson of the
     SAN ANTONIO EXPRESS-NEWS.  The Spurs said that if a new
     18,500-seat arena with improved luxury boxes, more parking
     spaces and lucrative concessions is built in time for the
     2001-02 season, the team "would start to make at least a
     modest profit."  Spurs VP Leo Gomez said releasing the data
     "helps everyone understand why we are in the process of
     proposing a mid-sized arena for San Antonio."  If the team
     continued to play in the Alamodome, its losses would
     increase every year until they reached $10.7M during the
     2005-06 season.  While San Antonio Mayor Howard Peak said
     that he couldn't "imagine" the team being able to sustain
     those losses for very long, he added that taxing entities
     shouldn't "damage themselves by helping build an arena to
     protect the Spurs."  The Spurs have pledged to pay $20M and
     sign a long-term lease toward a $157M arena at the abandoned
     Longhorn Quarry.  The City Council will decide December 17
     "whether to authorize the creation of a tax-increment
     financing (TIF) reinvestment zone to pay for most of the
     proposed facility" (S.A. EXPRESS-NEWS, 11/19).
          SEASON OF DEBTS: Figures showed the Spurs "recorded"
     operating losses of almost $2M last season.  In '96-97, the
     team had operating losses of $4.22M on revenue of $51.9M. 
     They have lost money each regular season since showing a
     profit of $154,000 in '94-95 (EXPRESS-NEWS, 11/19).

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