Bucks Sold To Wesley Edens, Marc Lasry Michael King Staging First Boxing Card Tonight's Events A Lighter Buzz '47 Brand Launching New Campaign Anti-Drunk Driving Effort To Sponsor Race Bryce Harper Stars In Gatorade Spot podcast ESPN, Turner Launching NBA Playoff Ads Astros Launch App For In-Stadium Upgrade
SBD/Issue 87/Facilities & VenuesPrint All
Proposed $414M Development Would Include
18,000-Seat Stadium For MLS Wizards
Retractable Roof To Be Built On Margaret Court
As Part Of Melbourne Park's $333M Renovation
Food, Drink At Target Field Will Specifically
Cater To Minnesota Public's Taste
FINANCIAL RAMIFICATIONS: Twins Sports Inc. President Jerry Bell said Target Field's ability to return the public money put into it with taxes and/or economic benefits "depends on the economy." Bell: "Does the real estate value around the ballpark go up and if it goes up, does it contribute to construction and further development and what kind of real estate taxes does that produce? If all of those things come together over a long period of time, maybe. It’s hard to say." When asked if publicly-funded ballparks "make sense on the economic argument alone, meaning that they create new taxes and jobs," Bell said, "It depends on your alternative for investment. My view is that is does have an economic impact in a targeted sense. It benefits this neighborhood. Does that make a ripple effect in the state economy? Probably not." But Bell added, "Ten years from now, maybe less, no one will know what this ballpark cost and they won’t care. They’ll either like it and they’ll enjoy coming here or they won’t, and they’ll judge it on that." Meanwhile, Bell said the "private side will have to increase some" in building future ballparks due to the economy. Bell: "I don't know what the right amount is and it depends" (WSJ.com, 1/15).
Red Sox officials are "seeking approval for a retail shop opening onto Van Ness Street near" Fenway Park, according to documents filed with the Boston Landmarks Commission cited by Thomas Grillo of the BOSTON HERALD. The $750,000 project "would put the store under the grandstand and convert three existing garage doors in the exterior brick facade into a street entrance and display windows." The store "would bring increased competition to the four independent souvenir shops around Fenway owned" by Massachusetts-based retailer Twins '47. The Boston Landmarks Commission "will review the proposal Jan. 26" (BOSTON HERALD, 1/19).
In St. Paul, Charley Walters reported it is "beginning to look like" Minnesota Gov. Tim Pawlenty and Vikings Owner Zygi Wilf "could have the framework of a new stadium deal -- probably in a suburb and perhaps open-air -- early next year." It "won't be surprising" if the town of Blaine "re-enters the picture" as a possible stadium site (TWINCITIES.com, 1/18).
STRUCK BY LIGHTNING: In San Diego, Matthew Hall reports the Chargers and San Diego officials claim that the team's playoff loss "won't slow efforts to build a new stadium," but fans called Sunday's loss a "speed bump on the drive to build a downtown stadium with hundreds of millions of public dollars." A 15- to 18-month process of "obtaining approvals to pump future property taxes into a stadium site in a downtown redevelopment zone is under way." Chargers Special Counsel Mark Fabiani said that the timetable turns the "2011 season and perhaps part of the 2012 season into the ones that will be most influential on the public vote," and noted that the "vote likely would be decided by people who aren’t football fans" (SAN DIEGO UNION-TRIBUNE, 1/19).
Rizzo Says K.C. Proposal To Cut Deeper Into
City's Subsidy Of Sports Complex "Shortsighted"
IN FOR A TUNE-UP: Charlotte Motor Speedway is installing approximately 15,000 new premium seats along the frontstretch. CMS also is removing several narrow seats in the grandstands and replacing them with 21-inch seats (CMS). In Charlotte, Jim Utter notes "any fan who purchases the same seats to all three Cup series events at the track this season will receive a personalized, bronze nameplate on the new seat and will be able to take home one of the historic seats as a keepsake" (CHARLOTTE OBSERVER, 1/19).