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SBD/Issue 37/Facilities & Venues
Published November 2, 2010
|Inclusion Of Sports Clinic At PGE Park Will Offset
Timbers' Rent Payments By More Than Half
In Portland, Brad Schmidt reported the "inclusion of a new sports clinic at PGE Park will offset by more than half the rent payments Portland Timbers owner Merritt Paulson makes to the city of Portland." Paulson in his February deal to renovate PGE Park "agreed that costs for the sports clinic would be his alone and would not be included" in the $31M project budget. Costs for the clinic, not including tenant improvements, are thought to be about $1.7M. Details of Paulson's "sublicense agreement" with Providence Health & Services go to the Portland City Council tomorrow. Providence's tab with Paulson: $450,000 the first year, increasing to $526,436.40 by year five (OREGONLIVE.com, 11/1).
LAW REVIEW: McCathern Mooty LLP attorney Levi McCathern, who is representing Cowboys Stadium LP, said that the Arlington-based limited partnership "has settled more than half of $130 million in lawsuits it filed in the past two years for nonpayment of luxury suite leases." In Dallas, Candace Carlisle reports the settlements "have allowed the stadium to put valuable suites back on the market and, in many cases, move nonpaying leasees to other seats in the stadium." The 18 lawsuits totaled nearly $130M in 20-year contracts ranging from $3-42M each. Stadium officials "did not release the amount recovered from the 11 settled lawsuits." McCathern said that Cowboys Stadium "will likely continue to file suits against fans in breach of suite lease contracts" (DALLAS BUSINESS JOURNAL, 10/29 issue).
OFFICE SPACE: In K.C., Kevin Collison reports MLS Wizards Owner OnGoal LLC is "now kicking around in an interim headquarters in the Crossroads Arts District." The team "has relocated its 74-employee operation to 210 W. 19th Terrace and plans to remain there for the foreseeable future." An 18,500-seat stadium project "being built at Village West near the Kansas Speedway and scheduled to open next June does not include office space" (K.C. STAR, 11/2).
CAMPUS CONNECTION: Univ. of Alabama-Birmingham President Carol Garrison yesterday said that she "has instructed administrators to research the possibility of building an on-campus football stadium." Garrison "did not commit to a firm timetable for the decision but said steps have been taken to study the feasibility." In Birmingham, Steve Irvine notes the UAB football team "has played nearly every one of its home games at Legion Field since beginning as a Division III program in 1991," and the school is "under contract until 2013 to continue playing its home games at Legion Field." UAB, Tulane and Memphis are "currently the only C-USA football programs not playing in an on-campus stadium" (BIRMINGHAM NEWS, 11/2).