Mutombo Interested In Hawks Ownership Broadcasting & Cable HOF To Honor 12 TPG A Majority Stakeholder In CAA Leagues To File Against N.J. Betting Manning Leaving CFP Committee Overnight Ratings: NASCAR, CFB PGA Tour Names Tom Wade CCO Sources: Barclays Center Up For Sale Sources: Islanders Sale Price Was $485M
SBD/Issue 132/Facilities & VenuesPrint All
Wolff Says San Jose "In As Good A Position As
Any City In California" To Be A's Home
I CAN FEEL THE EARTH MOVE: Wolff Thursday also confirmed that his development partners for a new 15,000-seat soccer-specific stadium for the MLS Earthquakes, which he also owns, have asked San Jose to "accept a lower price for that stadium site because of the cratering economy." Wolff hinted that a "failure to reach an agreement could doom the city's immediate chances for a soccer stadium." The SAN JOSE MERCURY NEWS' Theriault notes the soccer stadium proposal already has been "scaled down and seen its luxury boxes stripped out to reduce construction costs, now expected at less" than $100M. While Wolff indicated that he is in "active discussions with potential naming sponsors" for the stadium, plans to "build hotels and office space on another part of the site have been placed on hold" (SAN JOSE MERCURY NEWS, 3/27).
STRIKING OUT: In San Jose, John Ryan notes the A's and DirecTV still have not reached a carriage deal for the team's games on CSN California. Also, "contrary to earlier indications, it appears there's no agreement with Dish Network either." The lack of the carriage deals "leaves hundreds of thousands of Bay Area households in the lurch" (SAN JOSE MERCURY NEWS, 3/27).
Over 70,000 PSLs Have Been Sold For New
Giants Stadium, Slated To Open In '10
TIME ON THEIR SIDE: Giants President & CEO John Mara said there is "no question the economy has had an effect" on PSL sales. Mara: "But I'm confident we'll be sold out long before we've opened up. We have a year and a half to go." Mara added that "about 90[%] of the season-ticket holders from Giants Stadium have committed to the licenses -- by paying a 20[%] down payment -- with some agreeing to buy fewer seats than they now have but some agreeing to buy more." Mara also said some seating zones "have been oversold and we'll have to move some people to their second choice." In N.Y., Richard Sandomir notes the Giants "hope the licenses will generate after-tax revenue of $185[M], which will be dedicated to paying off the bonds" on the $1.6B stadium (N.Y. TIMES, 3/27).
Request Reflects Bradley Center's Increasing
Difficulty With Generating Enough Money
Cubs Home Opener Won't Be Marred By
Rooftop Wars, Threat Of Visual Obstructions
FISHING FOR ANSWERS: ABOVETHELAW.com's Marc Edelman wrote, "From a taxpayer perspective, the Marlins new stadium deal epitomizes fiscal irresponsibility." The specific terms of the agreement "skew hugely in the Marlins' favor." Edelman: "No matter how you spin it, Marlins owner Jeffrey Loria is walking away with what Miami-Dade County Judge Jeri Cohen recently referred to as 'a sweetheart deal'" (ABOVETHELAW.com, 3/25). SI.com's Jon Heyman wrote, "As a South Florida resident, I am disgusted that a new baseball park was approved in an economy where the ocean is lined with empty condos. But I have to give credit to the Marlins for somehow getting the darned thing approved" (SI.com, 3/26).
CITI LOOKING SHARP: The Mets and Sharp Electronics Corp. have agreed to a multimedia and community outreach relationship at Citi Field that will provide more than 800 Sharp Aquos LCD HD TVs throughout the ballpark. In addition to in-game branding at the park, including rotational signage, permanent signage on the center field scoreboard, in-game video features and a presence on Mets.com, Sharp will take an active role in the Mets' community outreach efforts as title sponsor of the Mets/Sharp Electronics Student-Athlete Leadership Conference Series (Mets).
SPRINGING FOR UPGRADES: In Minneapolis, La Velle Neal III reports Twins President Dave St. Peter recently sat down with Lee County (FL) officials to "begin discussions about the future" of the team's Spring Training facility in Ft. Myers. The Twins "don't want a new ballpark," but they do have "some ideas to upgrade Hammond Stadium and the surrounding complex" (Minneapolis STAR TRIBUNE, 3/27).
In Indianapolis, Schneider & O'Shaughnessy notes with the city's Capital Improvement Board (CIB) facing a $20M shortfall this year, "solving the financial woes afflicting the [CIB] will be the responsibility of Marion County taxpayers, fans, visitors" and the Colts and Pacers. Indiana state Legislative leaders Thursday said that "many options were being discussed -- including requiring the Indianapolis Colts to pony up money, raising alcohol or hotel and restaurant taxes, and expanding special tax districts that already capture sales and income taxes for special purposes such as the arenas," Lucas Oil Stadium and Conseco Fieldhouse (INDIANAPOLIS STAR, 3/27).
TAX HIKE: In a front page piece, the Baton Rouge ADVOCATE's Will Sentell reported guests at hotels and motels in East Baton Rouge Parish and "elsewhere would pay higher taxes to help subsidize the New Orleans Saints under a plan that could be debated in the state Legislature." Current subsidies for the team under an '01 agreement "come from hotels and motels only in Orleans and Jefferson parishes." Louisiana state Rep. Patrick Connick Wednesday said that he "wants to consider expanding areas where the tax would apply in part to ease pressure on the state's general fund, especially during tough economic times" (Baton Rouge ADVOCATE, 3/26).
Yormark Rules Out Permanent
Move To Nassau For '10-11
EMPTY NEST: NEWSWEEK's Melinda Liu notes seven months after the Beijing Olympics, "visitors to the Bird's Nest are paying $7 to stare at a big, empty bowl." Tourist visits "plummeted from 80,000 per day in October to 15,000 in December." The $450M stadium costs $15M "annually to maintain, but the only major event announced for 2009 is an Aug. 8 performance of 'Turandot,' directed by Zhang Yimou, the man behind the Games' opening ceremonies." With "dreams of wringing $30[M] per year from the stadium, its managers now plan to convert part of it into a shopping mall" (NEWSWEEK, 3/30 issue).