SBD/2/Franchises

STRANGE BREW: MORE TALK OF JAYS LEAVING SKYDOME FOR THE EX

          The Blue Jays described their current SkyDome lease as
     "the worst" in MLB and "so onerous" that they are looking
     into "the possibility of playing" the '99 and 2000 seasons
     at Exhibition Stadium, according to Michael Grange of the
     Toronto GLOBE & MAIL.  Allan Chapin, a spokesperson for team
     Owner Interbrew, said that the team has lost C$100M since
     the World Series in '93 and that the team "will not be
     exercising our option to renew our [SkyDome] lease" (Toronto
     GLOBE & MAIL, 10/31).  In Toronto, Gayle MacDonald wrote
     that the Jays moving "could be a fatal blow" for the
     SkyDome, which is "bracing for up to a" C$3.1M loss and
     faces "the arduous task of persuading corporate box holders,
     who pay [C]$100,000 to [C]$250,000 a year, to renew 10-year
     SkyBox leases that expire" next December.  Interbrew's
     threat also comes amid rumors that the SkyDome "may file for
     court protection from its creditors," an accusation a
     SkyDome spokesperson "strenuously denied."  One source said
     that Interbrew is "likely seeking relief" in rent, a share
     in revenue from luxury boxes and lower cost for retail space
     and stadium services (Toronto GLOBE & MAIL, 10/31).  The
     SkyDome has reportedly missed one month's worth of municipal
     tax payments of C$600,000 (TORONTO STAR, 10/31).       
          EX MARKS THE SPOT? Exhibition Place Chair Joe Pantalone
     received a non-refundable C$50,000 check from the team to
     delay demolition of the site, which is set for December 1. 
     The Ex is currently "without a playing surface and ... in
     the process of having its seats removed."  Pantalone said
     that the Jays "would be expected to pay the full cost of
     refurbishing the ballpark" (Toronto GLOBE & MAIL, 10/31).  

Return to top

Related Topics:

Franchises, MLB, Toronto Blue Jays

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug