SBD/Issue 43/Facilities & Venues

Facility Notes

Sales-Tax Collections For Miller Park
Stadium Expected To Stay Flat In '10
In Milwaukee, Don Walker reports Miller Park stadium district board financial advisers "expect sales-tax collections to stay flat in 2010 after collections so far this year came in 10% less than expected." The district for '09 expects $26.6M in "sales-tax revenue from the 0.1% sales tax collected in Waukesha, Milwaukee, Racine, Washington and Ozaukee counties." Board members yesterday approved a $1.28M operations budget for '10, "just under this year's budget." Debt service in '10 will total $17.4M (MILWAUKEE JOURNAL SENTINEL, 11/11).

MONEY MATTERS: In Indianapolis, Scott Olson reported it is "still unclear" whether the city's Capital Improvement Board (CIB) will absorb $15M next year in Conseco Fieldhouse operating costs. A "provision that allows the Pacers to renegotiate their lease after 10 years could trigger the additional cost, in order to keep the team in the city." CIB VP Pat Early said that an agreement has "yet to be reached, although CIB officials continue to negotiate with the team." Early: "One way or another, that may require money we don't have in the budget" (IBJ.com, 11/9).

RAISE THE ROOF: London's Olympic Delivery Authority Chair John Armitt confirmed that the "stingray-shaped roof of the 2012 Olympics aquatics centre was set in place" today. The 160-meter aquatics center roof "will form part of the entrance to London's Olympic Park." It is "expected that the centre, which will cost around" US$416M, "will be completed in the summer of 2011, leaving a year for testing and trial events" (GUARDIAN.co.uk, 11/11).

Return to top

Related Topics:

Facilities

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug