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NOT SO FAST ... MAYOR, PHILLIES DENY BALLPARK REPORTS

          Philadelphia Mayor Ed Rendell and the Phillies
     "repeatedly dismissed reports" yesterday that the team had
     chosen Broad and Spring Garden Streets as their new ballpark
     site, according to Christopher Hepp of the PHILADELPHIA
     INQUIRER.  Rendell: "It should not be a surprise to anyone
     that that is the Phillies' preferred site.  The Phillies
     have always preferred Broad and Spring Garden Streets if the
     logistics can be worked out and if the dollars can be worked
     out."  PA State Sen. Vincent Fumo, whose district includes
     the site, said, "There will not be a stadium at Broad and
     Spring Garden Streets.  I don't care what [the Phillies]
     want, they are not going to get a stadium there.  The mayor
     called me this morning and reaffirmed that I have the final
     say in this."  Rendell, in response to Fumo: "I've told the
     Phillies that before we go anywhere with this, they need to
     talk to him and that hasn't happened" (INQUIRER, 5/19). 
          OPEN THE BOOKS? Rendell said he has not seen the
     Phillies' financial records, but has been told by the team
     that they have lost "close to" $50M since '93, despite a
     recent report in Forbes (see THE DAILY, 5/18) that said the
     Phillies made $4.5M last year.  Rendell: "It might behoove
     the Phillies to make some of this information public." 
     Phillies President David Montgomery: "The mayor's assessment
     of the situation is a lot closer than Forbes magazine." 
     Montgomery also "declined to discuss the possibility" of
     opening the team's books (PHILADELPHIA INQUIRER, 5/19). 
          REAX: In Philadelphia, Claire Smith writes the
     Phillies, "anonymous and ignored, are forced to resort to
     that now-tired formula of the '90s, dangling the idea of a
     new ballpark like a carrot in front of their success-starved
     fans. ... The unspoken question about this new stadium
     routine is this: How much of an effect can all of this
     spending have in terms of making a team competitive if
     everyone else is doing the same thing?" (INQUIRER, 5/19).

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