SBD/December 16, 2010/Facilities

Facility Notes

In Minneapolis, Sid Hartman reports T'Wolves President Chris Wright said that the T'Wolves "will present a plan to the Minneapolis City Council within the next 30 days for improvements to Target Center so they can better compete for events with St. Paul’s Xcel Energy Center." Target Corp. has “until Sept. 11, 2011, to decide whether to keep their name on the downtown arena.” Negotiations are ongoing with the company, but team officials said that they “have more than one corporation interested in replacing Target” (Minneapolis STAR TRIBUNE, 12/16).

COMING TO YOUR CITY: Touchdown Fort Worth spokesperson Chris Gavras said that ESPN’s “entire corporate headquarters” -- including ESPN/ABC Sports President George Bodenheimer -- “will relocate” from Bristol, Conn, to Ft. Worth in February for the week of Super Bowl XLV. Gavras said that the net “plans to use a ‘skycam’ suspended about 50 feet above its downtown footprint” in Sundance Square. In Ft. Worth, Kathy Vetter notes ESPN “will also place a camera on the fifth floor of the Burk Burnett Building, overlooking its main stage in the Chisholm Trail parking lot at Third and Main streets.” A “secondary studio will be built on the west side of the Jett Building behind the Chisholm Trail mural.” Major advertisers “will follow the network’s corporate hospitality into town” (FT. WORTH STAR-TELEGRAM, 12/16).

GOING ONCE, GOING TWICE… In Memphis, Toby Sells reports Dover Motorsports Inc. has “approved the sale” of Memphis Motorsport Park to Florida-based Moroso Investment Partners. The final deal will total $2.06M “after a 10 percent auction buyer’s premium.” The closing is “scheduled to take place within 30 days.” Palm Beach Int'l Raceway President & CEO Jason Rittenberry said that the Memphis racetrack will need $1.5-2M in “capital improvements to get it ready to host major events.” He added that “negotiations for the facility between Moroso and Dover have been under way for the last six months,” but the parties previously “were unable to agree” (Memphis COMMERCIAL APPEAL, 12/16). 

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