SBD/Issue 112/Facilities & VenuesPrint All
Kings' Owners Say They Are
Losing Money At Arco Arena
IN THE DARK: State Assembly member Dave Jones, who serves on the Cal Expo BOD, said that he had "met with NBA officials on Wednesday and had been brief[ed] about the broad outlines of the plan, but he said he was provided no details." Sacramento Mayor Kevin Johnson said that he had also "requested a briefing on the plan prior to the meeting, but he had not yet received one" (MSNBC.com, 2/27).
Yankees, Bank Of America Still May Sign
A Smaller Sponsorship Deal
FAILURE TO LAUNCH: A Yankees exec said that the team and BofA "mutually agreed to part ways after seeing the heat that Citigroup was getting for putting its name on the new Mets stadium" (CNBC.com, 2/26). Meanwhile, Goode Thursday said that contrary to reports, the bank "never tried to negotiate for naming rights at the stadium." Goode said that BofA will "continue to offer Yankees-related products such as credit cards," though he admitted that it will be "harder to market them to consumers without the stadium agreement." Goode: "We still see value in the Yankees organization as both a business and marketing partner. It's our hope that we can find other ways to maintain our business relationship that goes back to the mid '90s" (CHARLOTTE OBSERVER, 2/27). Goode said the two sides "concluded our negotiations on a long-term agreement in early January" (N.Y. POST, 2/27).
City Of Industry City Council Unanimously
Approves $800M Football Stadium
WHO'S IN LINE? Semcken Thursday said that at least eight NFL franchises, including the Raiders, Bills and Vikings, "have been identified as possible targets for relocation." Semcken added that developers are "confident the NFL would approve a move by a team." Semcken said the NFL "understand[s] the stadium, they understand the economic opportunity. All they want is certainty. They want to make sure our stadium is getting built." NFL VP/Communications Brian McCarthy said that the league was "monitoring potential stadium developments" in the L.A. area, but declined to comment on specific plans (AP, 2/26).
If Miami City Council Approves Ballpark
Agreement, County Commission Then Will Vote
San Jose City Council Members Want To Discuss
How To Best Proceed In Stadium Talks With A's
SLOT BATTLE: In Baltimore, Gadi Dechter notes Laurel Park Owner Magna Entertainment Corp. (MEC) is "trying to revive their disqualified bid for slot machines with a last-ditch constitutional claim," but Maryland attorneys Thursday in court argued that "'market conditions' rather than a legal flaw led to the defective application." Laurel Park had been disqualified this month after MEC "failed to submit $28.5[M] in required slots-application fees." Laurel Park attorneys are suing the state, "claiming that the failure to pay was appropriate because the fees are technically not refundable and that the entire bidding process constitutes an illegal 'forfeiture of property' prohibited by the Maryland Constitution" (Baltimore SUN, 2/27).
NARROWING THE CHOICES: In Florida, Glenn Miller notes a list of nine sites for the new Red Sox Spring Training facility "was trimmed to four Thursday by a panel" of Lee County (FL) and Red Sox officials. Lee County commissioners "will begin negotiations" on March 17; the date for the final decision hasn't been set (Ft. Myers NEWS-PRESS, 2/27). In Boston, Sean McAdam notes one site is in Ft. Myers proper, while the other sites "are in unincorporated land owned by Lee County." The Red Sox "plan to select a site by mid-April, with a groundbreaking expected in the first quarter" of '10. The complex, "which will be built in the South Fort Myers area, is slated to open" in February '12 (BOSTON HERALD, 2/27).
POSSIBLE SITE: Toronto Mayor David Miller said that a decommissioned Hearn power plant is the city's "top site to build a long-overdue, four-pad arena to anchor a planned sports complex on the eastern portlands." In Toronto, Mary Ormsby reports the NLL Toronto Rock "are one of several potential private partners recruited by the city who are keen to invest in and use a new arena." But the city "must acquire the property from the province, since it's owned by Ontario Power Generation" (TORONTO STAR, 2/27).