NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium Hillsborough County Hires Firm With MLB Ties NHL Jets' Downtown Development On Hold? Rams Convert To Annual Tenant At Jones Dome Packers Buy More Land For Development
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SBD/January 12, 2011/Facilities
Published January 12, 2011
In K.C., Michael Mansur noted the Jackson County (Mo.) Legislature “approved two actions Monday -- refinancing bonds issued” in '98 to upgrade the Truman Sports Complex and spending $200,000 a year to “replace a bond surety requirement related to the larger 2006 bond issue that produced nearly $450 million to renovate" Arrowhead Stadium and Kauffman Stadium. Jackson County Executive Mike Sanders and Jack Holland, who advised the county on its bonds, indicated that by refinancing the '98 bonds, “$300,000 will be generated annually.” Sanders: “This will put us in a better financial situation for 2011” (K.C. STAR, 1/11).
DEMOLITION DERBY: CFL Hamilton Tiger-Cats Owner Bob Young and Hamilton Mayor Bob Bratina yesterday “unveiled a plan to demolish and rebuild Ivor Wynne Stadium as a 25,000-seat home for the football team for the next 20 years.” Young and Bratina said that the team is “willing to stay in its longtime home if improvements are made.” Young said that team sponsors Molson-Coors, Primus and Tim Hortons “have agreed to provide money for the project, though he didn’t give any specific dollar amounts.” The “newly revamped stadium will also have enough seats to host Grey Cup games in the future” (Hamilton SPECTATOR, 1/12).
SMOKING BAN IN STANDS: In Richmond, John Reid Blackwell reports Richmond Int’l Raceway yesterday announced that “smoking will be prohibited in its 94,000-seat grandstands and the portals leading into the seating areas.” The policy will be in effect for the April 30 NASCAR Sprint Cup Series race. Smoking still “will be allowed in most other outdoors areas at RIR, including underneath and behind the grandstands.” Blackwell notes the move “underscores how the tobacco industry’s role in the sport has diminished over the years” (RICHMOND TIMES-DISPATCH, 1/12).
BREAKING GROUND: Towson Univ. yesterday announced plans to build a “new 5,000-seat arena for basketball, gymnastics and volleyball.” The school “plans to chronicle the arena's construction" on a dedicated website, TigerArena.com, "starting with the groundbreaking scheduled for May through the anticipated completion of the project” in spring '13. The arena “will be funded through a combination of public and private funds” (Baltimore SUN, 1/12).