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SBD/March 22, 2011/Facilities
Published March 22, 2011
PARKING SPACE: In San Jose, Mike Rosenberg reports Santa Clara leaders yesterday gave the 49ers $4M “to begin prepping part of the Great America parking lot” for the team's proposed $937M stadium. The Santa Clara City Council in a 5-2 vote “approved the deal, even though council members had only received a copy of the contract two hours before the meeting.” The 49ers will get $4M “now, and can spend up to $36 million more knowing the city would repay the team later when it gets the money through future property tax revenue.” Overall, the city has pledged $114M “in public money toward the stadium” (SAN JOSE MERCURY NEWS, 3/22).
STEPPING INTO THE RING: In California, Leighton Ginn notes the Indian Wells Tennis Garden “doesn’t get much use after” the BNP Paribas Open concludes, and PM Sports Management President Raymond Moore said that he “welcomes the idea of holding boxing at the venue.” Moore: “I think our arena is perfect for boxing.” The 16,100-seat stadium in the past has hosted musical acts The Who and The Eagles, as well as a Suns exhibition game. But Moore said that “having more music acts in their stadium will be tough,” and the Suns “returning this October is unpredictable.” He added that with the NBA’s CBA “set to expire after this season, and the possibility of a lockout, no exhibition games have been scheduled” (Palm Springs DESERT SUN, 3/22).
CONDITIONS APPLY: In North Carolina, Laura Graff reports Winston-Salem “would likely sell Joel Coliseum for no less" than $8.8M. Documents reveal that the entity that “buys the coliseum -- most likely Wake Forest University -- would have the right to rename it but would have to 'agree to retain the Lawrence Joel Veterans names in some significant manner.'” Wake Forest and Winston-Salem State Univ. “have approached city officials about buying Joel Coliseum and Bowman Gray Stadium.” Graff notes, “Selling the facilities could save the city money -- between the two, Winston-Salem has lost a total of about $850,000 a year for the past five years” (WINSTON-SALEM JOURNAL, 3/22).