SBD/Issue 181/Facilities & VenuesPrint All
Goodell Has Said 49ers' Proposed Stadium In
Santa Clara Would Be Mostly Privately Financed
FANHOUSE.com's Nancy Gay noted funding the 49ers' proposed Santa Clara stadium is a "complex mix of fingers-crossed financing," and if the team is "looking for the NFL to kick in, they're in for a long wait." NFL Commissioner Roger Goodell last week said, "This stadium in particular will be mostly privately financed by the San Francisco 49ers." Gay noted the NFL was "there to help" the Cowboys, Jets and Giants build their new facilities, but the league has "done nothing for California." Gay: "What if Santa Clara says no?" (FANHOUSE.com, 6/2). Pro Football HOFer John Madden said, "Money is so tough. Stadiums start at $1 billion. You can talk about votes, city councils and land. Then someone says, 'Where do you get $1.5 billion?' I don't know the answer" (SAN JOSE MERCURY NEWS, 6/3).
COWBOY TAKE ME AWAY: In Ft. Worth, Susan Schrock reports the Academy of Country Music is "considering moving its annual awards ceremony" from MGM Grand Garden in Las Vegas to Cowboys Stadium in '12. Cowboys Dir of Corporate Communications Brett Daniels confirmed that ACM execs have "visited Cowboys Stadium more than once to gauge its potential" as an awards site. Arlington Convention & Visitors Bureau President Jay Burress said that the awards show is "looking to seat 55,000 to 60,000 people" (FT. WORTH STAR-TELEGRAM, 6/3).
DESERT STUNG: In Phoenix, Rebekah Sanders reported the Arizona Sports & Tourism Authority for the second straight year "plans to tighten its funding for tourism bureaus, the Cactus League and youth sports because of flagging tourism revenue." The ASTA's "first spending priority," a $16M payment on the debt that helped build Univ. of Phoenix Stadium, "is expected to remain fully funded next budget year." But Cactus League funding, which "pays for construction and renovations of spring-training ballparks in Surprise, Scottsdale and Tempe, is expected to drop" from $4M to $3.9M (ARIZONA REPUBLIC, 6/1).
HELP! I NEED SOMEBODY: New Jersey state auditor Stephen Eells in a report released yesterday said that the NJSEA "will need a state bailout to remain in business," though he did not offer any specific projections. The NJSEA operates Meadowlands Sports Complex -- which includes Izod Center and the Meadowlands Racetrack -- and is "seeking a $32.9 million operating subsidy from the state for 2010" (NJ.com, 6/2).
Maloof Still Interested In New Arena, But Also
Focused On More Pressing Problems Like Tickets
NBA Kings co-Owner Joe Maloof yesterday said that his family's "interest in a new basketball arena has not waned, despite his comments this week" to CNBC, according to Tony Bizjak of the SACRAMENTO BEE. Maloof "clarified that building a new arena to replace Arco remains important to the long-term success of the team, but the Kings have more pressing problems to tackle right now, something luxury suites can't solve." Maloof: "We do need a new arena. Nothing has changed. The point I was making is we need to refocus and get the season ticket holders back. We have to bring more wins to the city. That's more important than the new arena right now. After that, you have to look at your suites and club seats. You can't depend on the luxury suites." Maloof said that ticket renewals "already are near 90 percent of last year's levels." Maloof: "That's going well." A Kings spokesperson yesterday said that the team "does not reveal how many of its 30 suites currently are sold." Meanwhile, Sacramento officials said that the "proposal to build a new arena in the downtown railyard is progressing," and that the City Council "will get an update in July" (SACRAMENTO BEE, 6/3). In the CNBC interview, Maloof discussed the benefits of a new arena. Maloof: "It's a lot different from two or three years ago when franchises were depending on selling out those suites or club suites or bunker suites. So the truth is that we don't need a new building as much as we did a couple years ago. If we can't fill the suites now, what's a new arena going to do? They won't automatically fill up" (CNBC.com, 6/1).