Source: Raiders Stadium Will Cost $200M Less Golden Knights' Practice Facility To Be Top-Flight St. Louis MLS Investors Hopeful Funding Vote Passes Georgia State Updates Turner Field Construction Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions
SBD/Issue 59/Facilities & Venues
Published December 7, 2009
In Nashville, Brad Schrade noted a week after Predators Owner David Freeman's "tax problems came to light as the team sued the Sommet Group over its naming rights partnership," Sommet Group's "own tax problems have surfaced." The company "had a $337,161 lien filed by the IRS in Williamson County on Oct. 6." Sommet Group CMO Jeff Sowell said that he "didn't know specifics of the lien, but the firm is 'absolutely not' in any kind of financial trouble." Sowell: "It has nothing to do with the naming rights issue." A Predators exec Thursday said that Sommet Group has "contacted the team ... to try to work out an agreement." They "plan to try to negotiate some sort of agreement to continue to call the hockey arena Sommet Center" (Nashville TENNESSEAN, 12/5).
ENVIRONMENTAL AWARENESS: A SAN DIEGO UNION-TRIBUNE editorial stated of a possible new stadium for the Chargers in downtown, "Forget about the difficulty of assembling financing. It could be years before the parties involved agree on cleanup. Even if that is resolved, pollution problems are just what foes of a stadium proposal need to tie the case up in legal knots with strict environmental laws. You know -- the same ones the Industry stadium gets to ignore. Any notion that the Legislature might be persuaded to give San Diego the special environmental exemptions it gave [Majestic Realty Chair & CEO Ed] Roski ... is a pipe dream. It is impossible to contemplate these developments and not wonder whether the Chargers' days in San Diego are numbered" (SAN DIEGO UNION-TRIBUNE, 12/6).
WAITING TO IMPLODE: In Dallas, Brandon Formby noted a "major food company wants to sponsor" the implosion of Texas Stadium and "turn the right to push the detonator into a nationwide contest." But the company "doesn't want the world to know who it is unless a deal is struck." Irving City Council members "want a pact to bring the city the biggest financial and advertising bang possible." But while the city owns the stadium, the Cowboys "retain near-total control of the use of Texas Stadium's name." Cowboys Dir of PR Rich Dalrymple said that he "wasn't sure where the city and team are in the process of negotiating the use of the stadium's name." But Irving officials said that they are "confident the team will sign off" (DALLAS MORNING NEWS, 12/6).