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LSED Faces A Shortfall, Largely Due To Team
Obligations And Mounting Debt
IN NEGOTIATIONS: Thornton said that Louisiana "is negotiating a new contract with the Saints, but did not indicate when a deal would be struck." In New Orleans, Ed Anderson noted the current deal "expires in 2018, although the financial inducements the state pays end after the 2010 football season." Thornton added that he "would like to extend the contract by 15 to 20 years." Louisiana in addition to the $23.5M, owes the Saints $10.4M "in other contractual inducements, like concessions and parking revenues" (NOLA.com, 2/10). Also in New Orleans, Kate Moran reported Louisiana "is in lease negotiations that would keep the Saints in the Superdome after the team's current contract expires in 2010." Louisiana "is pushing to work out a new agreement by April 1, the deadline to submit preliminary bids to host the Super Bowl in 2013" (New Orleans TIMES-PICAYUNE, 2/10).
FACING OPPOSITION: In Newark, Peggy McGlone in a front-page story notes the merger "drew immediate criticism yesterday from lawmakers and others who fear the two will create an illegal entertainment monopoly." U.S. Rep. Bill Pascrell (D-NJ) "sharply condemned the proposed agreement, calling it a 'major disappointment for music fans all around the world.'" Pascrell: "Any merger that would consolidate so many aspects of the concert business under one roof must be carefully scrutinized for anti-trust violations." Pascrell "warned the merger will drive up concert prices, a charge Ticketmaster [Chair & CEO] Barry Diller denied." Diller said, "Ticketmaster does not set prices, Live Nation does not set ticket prices. Artists set prices" (Newark STAR-LEDGER, 2/11). Miami-based Tickets of America President & CEO Michael Lipman said that the deal was "'bad for the public' and possibly bad for venues not operated by Live Nation" (South Florida SUN-SENTINEL, 2/11). In DC, David Montgomery writes of the merger, "What's in it for ticket buyers is far from clear. The era of the dreaded 'convenience charge' might be ending -- but there's no guarantee of lower ticket prices" (WASHINGTON POST, 2/11).
The Rose Quarter in Portland is "now in the running for a new minor league baseball stadium as the city and the Trail Blazers explore how to boost business in the underperforming eastside entertainment zone," according to Mark Larabee in a front-page piece for the Portland OREGONIAN. The Trail Blazers "wouldn't own the baseball stadium, the city of Portland would." But a new ballpark for the Triple-A PCL Portland Beavers "might complement other development that the Blazers have planned to bring more people to the quarter." City officials met Monday night with Beavers and USL Portland Timbers Owner Merritt Paulson and Blazers execs to "discuss the idea." The city "would need a new baseball stadium if [MLS] awards Portland a new franchise this year" to begin play in the '11 season. MLS "requires stadiums with a soccer-specific design and has said a Portland franchise cannot share space with the Beavers." The city owns PGE Park, where the Beavers and Timbers play, and "would renovate it for soccer." Preliminary cost estimates are $35-40M for the PGE Park renovation, $45M for a new ballpark in Lents, Oregon, and $47-50M for a ballpark in the Rose Quarter. Portland Commissioner Randy Leonard, who is "helping negotiate the deal with Paulson," said that Lents is "still on the table." But Leonard said that the Rose Quarter "might draw bigger crowds to both baseball games and concerts and wouldn't have the parking and noise restrictions associated with Lents" (Portland OREGONIAN, 2/11).
Mayor Alvarez Pushes For New Ballpark
In His Annual State Of The County Address
Questions Surround The Finances
For A New Marlins Ballpark
Rio Tinto Stadium To Host Eagles Concert In
May Followed By MLS All-Star Game In July
QUICK TICKETS: Rio Tinto Stadium has partnered with Veritix to provide its Flash Seats digital ticketing technology for several events at the venue, including '09 MLS RSL regular-season games. RSL is the first MLS team to adopt Flash Seats. The technology also will be used for a May 9 concert by The Eagles, the first-ever concert at the stadium (RSL).
Health Care Center Latest Addition
To Growing Patriot Place Development