Cavs "Quietly" Sought County Funds For Arena Bettman: Flames Need New Arena Marquette, Bucks Partner On Athletics Center Gillette Stadium Adds Cross Insurance Pavilion NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium
Upcoming Conferences and Events
SBD/Issue 132/Facilities & Venues
Published March 27, 2009
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).