NBA Kings Owners To Buy Arena Site Facility Notes NFL Owners Approve Falcons' G-4 Funding Cowboys HQs Could Leave Valley Ranch Redskins' Training Camp Facility Nearly Complete Butler Approves $34M For Hinkle Upgrades Giants, Jets At Odds With Developer Facility Notes Development Proposed For TD Garden Front DePaul, Emanuel Unveil $173M Arena
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SBD/March 18, 2011/Facilities
Published March 18, 2011
NOT ALL NEWS IS GOOD NEWS: In N.Y., Charles Bagli notes the Nets' Barclays Center is “taking shape" in Brooklyn, but “revelations in the past few days have brought renewed attention to the rest” of the 22-acre Atlantic Yards project, under the direction of developer Bruce Ratner. A federal bribery case last week against N.Y. state Sen. Carl Kruger “turned up a recording of an executive" at Forest City Ratner, “pressing Mr. Kruger for $9 million to rebuild the Carlton Avenue Bridge at Atlantic Yards.” FCR “did not get the money, and the executive was not accused of any wrongdoing, but the recording did bring unwanted attention to the company’s desperate search for financing.” Also, FCR this week confirmed that it was “considering erecting a 34-story prefabricated, or modular, tower, as a way of cutting its construction costs and fulfilling its obligation to start building housing” (N.Y. TIMES, 3/18).
SHOW ME THE MONEY: The Metropolitan Sports Facilities Commission on Thursday said that it will receive $22.7M from its insurer, Affiliated FM, to “replace the 29-year-old roof" at the Metrodome that was damaged in a December blizzard. MSFC Commissioner Paul Thatcher said that “aside from the $25,000 deductible, that sum should cover the expense of replacing the roof and paying consultants” (Minneapolis STAR TRIBUNE, 3/18). In Minneapolis, Mike Kaszuba wonders if Vikings Owner Zygi Wilf's net worth should “matter as the team pushes for public subsidies for a new stadium.” Minnesota state Sen. Warren Limmer “thinks Wilf’s net worth may be fair game.” Limmer: “I think the real question is, what is the financial need of someone asking for help from state government to solve their private business problems?” (STARTRIBUNE.com, 3/17).