Menu
Facilities Venues

MARINERS MAKE IT OFFICIAL IN ASKING FOR HELP ON OVERRUNS

          The Mariners "launched an offensive aimed at wresting"
     $60M in public money to help cover the $100M in cost
     overruns at Safeco Field, according to Alan Snel of the
     SEATTLE POST-INTELLIGENCER.  In announcing the "unpopular
     move, team officials set into motion what may become a
     marathon legal battle over unanticipated ballpark tax
     money."  To settle the issue, the Mariners and the Public
     Facilities District will jointly hire a mediator within 30
     days.  The team says the stadium-building PFD "must tell
     King County to sell more bonds and use the surplus tax money
     to help pay for costs exceeding" the $417M construction
     budget set in '97.  Mariners Chair John Ellis maintained
     that the WA state law "backs the team's request for public
     money."  Ellis acknowledged that last year the team was
     committed to paying cost overruns: "Our promise was to make
     up the difference, if any, after all other available funds
     had been spent."  But the team now claims they've found
     "unspent funds: the tax surplus fueled by a hot local
     economy."  Ellis also said there was never any public "cap"
     on the project: "We did not talk about a (public) cap, and
     there was never talk about a cap."  But PFD Exec Dir Ken
     Johnsen said, "We believe our agreements with the Mariners
     are clear: They are responsible for all costs above the
     approved $417 million budget" (SEATTLE P-I, 6/23).
          OWNERSHIP CRITICIZED: In Seattle, Art Thiel writes that
     yesterday's action will leave the Mariners ownership branded
     as "liars, betrayers and symbols of corporate America's
     reckless indifference."  In the "court of public opinion,
     the owners have already violated the spirit of the
     legislation and the public will" (SEATTLE P-I, 6/23).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

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/1999/06/23/Facilities-Venues/MARINERS-MAKE-IT-OFFICIAL-IN-ASKING-FOR-HELP-ON-OVERRUNS.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/1999/06/23/Facilities-Venues/MARINERS-MAKE-IT-OFFICIAL-IN-ASKING-FOR-HELP-ON-OVERRUNS.aspx

CLOSE