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SBD/Issue 181/Facilities & Venues
Published June 3, 2010
|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).