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NBA MARKET WATCH: LOUISVILLE MOVES AHEAD; HORNETS MOVE BACK?

          Louisville city leaders "got their first critical look"
     on Friday at the feasibility of the city supporting an NBA
     team, as "only about" 40% of the invited state legislators,
     city alderman and county commissioners gathered for a
     presentation from PricewaterhouseCoopers, according to Chris
     Poynter of the Louisville COURIER-JOURNAL.  The report
     "concluded that Louisville can support an NBA franchise but
     would have to overcome some obstacles."  Greater Louisville
     Inc., the metro Chamber of Commerce, paid $40,000 for the
     independent study that is available at www.courier-
     journal.com (COURIER-JOURNAL, 5/27).  Meanwhile, a report in
     Sunday's Houston Chronicle stated that the Rockets and the
     Harris County-Houston Sports Authority had come close to a
     deal to build a downtown arena.  Negotiations between the
     two sides are to resume this week (COURIER-JOURNAL, 5/29).
          WAITING FOR WOOLDRIDGE? In Charlotte, Rick Bonnell
     wrote on the Hornets: "Sooner or later, it's build or move,
     and I just don't see how the Hornets and government will
     ever get together if things continue on their current
     course."  The state "appropriately is preoccupied with flood
     relief.  The county appropriately is preoccupied with
     schools. ... The end game, sooner or later, will be a
     potential move, I assume to New Orleans."  Bonnell called on
     Hornets co-Owner Ray Wooldridge to "appeal to the local
     business community" (CHARLOTTE OBSERVER, 5/28).  In N.Y.,
     Mike Wise detailed Wooldridge's plan to pay about 25% of the
     proposed arena's cost: "Isn't it time the league took a
     harder look at luring more financially solvent businessmen
     into the fold, instead of people who ask their ticket gouged
     fans to subsidize new buildings?" (N.Y. TIMES, 5/28).  

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