SBD/13/Facilities Venues

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  • COULD BE AN ASTRO LOGICAL DEAL: NEW STADIUM NAME TO ENRON?

              Energy company Enron "is the front-runner" to acquire
         naming rights to the Astros' new ballpark in a deal that
         could have "ramifications far beyond" naming rights,
         according to John Williams of the HOUSTON CHRONICLE.  The
         new name of The Ballpark at Union Station could be "as
         simple" as Enron Park.  Enron is also "proposing" that it
         manage many of the services in the new stadium, including
         elevators, escalators, energy, air conditioning and
         landscaping.  The company is also "looking into helping to
         acquire" currently vacant land around the stadium to "build
         and manage a large residential, retail and commercial
         development."  Enron execs declined comments and said that
         "facility management and especially downtown development"
         talks are "premature" (HOUSTON CHRONICLE, 1/13).
    
    

    Print | Tags: Facilities, Houston Astros
  • RANGERS AGREE TO SETTLEMENT WITH ARLINGTON OVER COSTS

              The MLB Rangers "have agreed to pay" Arlington, TX,
         $22.2M over 26 years to "cover costs incurred from
         litigation over land condemnations around The Ballpark in
         Arlington," according to Sean Wood of the FT. WORTH STAR-
         TELEGRAM.  The money will "reimburse" the Arlington Sports
         Facilities Development Authority for payments it made to two
         families and "cover the costs incurred by the city because
         of the lawsuits, along with an interest rate" of 5.09%.  As
         part of the deal, the Rangers won't "exercise their option"
         to buy The Ballpark when the sales tax debt is retired in
         2002, but will "put off the opportunity" to buy it until
         2024.  Arlington "has long wanted" the team to reimburse the
         authority for the settlement payments (STAR-TELEGRAM, 1/13).
    
    

    Print | Tags: Facilities, Southwest Sports Group, Texas Rangers
  • RED SOX SAY THEY HAVEN'T ASKED CITY FOR "DIME" FOR BALLPARK

              The Red Sox "denied" a report that the team is seeking
         $50M or more from the City of Boston to help finance a new
         ballpark, according to Meg Vaillancourt of the BOSTON GLOBE. 
         Red Sox VP/Public Affairs Dick Bresciani: "That is
         absolutely false.  We have not asked the city for a dime. 
         In fact we are still researching and reviewing our options." 
         Bresciani also refused to put a timeline on when the
         franchise may announce its ballpark plan: "We don't have a
         definite date for making any decisions."  Team officials
         told the BOSTON GLOBE that a public announcement could be
         postponed for "several months or more" (BOSTON GLOBE, 1/13).
    
    

    Print | Tags: Boston Red Sox, Facilities
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