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SBD/Issue 82/Facilities & Venues
Published January 18, 2001
INVESCO'S INTEREST IN MILE HIGH: In Denver, Cindy Brovsky writes that the Invesco Funds Group confirmed "that it has submitted a formal proposal" to buy the naming rights for the new Broncos stadium "the first viable bid" on the $400M project. Invesco "declined to specify whether its bid would preserve the" Mile High name at the new facility. Previous estimates by the Metropolitan Football Stadium District showed that a naming rights deal that would keep the Mile High name could garner $21-44M (DENVER POST, 1/18).
STADIUM SWELTER: In Phoenix, Beard & McKinnon write that the AZ Tourism & Sports Authority (ATSA) "has sent letters to all five potential" NFL Cardinals stadium host sites "asking for more details on their proposals" by Saturday. The ATSA "particularly" wants more information about financing." The letter, signed by ATSA Dir Ted Ferris, reads, "Your materials are so lacking in substance that they restructure our process so that the [ATSA] becomes the proposer and you become the requester" (AZ REPUBLIC, 1/18).
PLATE KICKER: In Green Bay, Steven Bruss notes that revenue from special Packers license plates "will aid plans" for Lambeau Field. WI DOT Supervisor/Special Plates Unit Philip Thomas said the DOT "has processed 120 applications that were submitted" online over the past two weeks (GREEN BAY PRESS-GAZETTE, 1/18). Bruss also reports that Mayor Paul Jadin's "plan to save" Lambeau Field's name "would need to generate at least" $38M "to work." Jadin said that $38M "generated by a 0.1 percent sales tax is what's needed to reduce the stadium debt by as much as a naming rights deal worth" $120M over 20 years would (PRESS-GAZETTE, 1/18).