Cavs "Quietly" Sought County Funds For Arena Bettman: Flames Need New Arena Marquette, Bucks Partner On Athletics Center Gillette Stadium Adds Cross Insurance Pavilion 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
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SBD/April 20, 2011/Facilities
Published April 20, 2011
MONEY ON THE WAY? In San Jose, Mike Rosenberg reports the Santa Clara City Council "voted unanimously Tuesday night to sell up to $25 million in bonds to refurbish public buildings in the Bayshore area, and possibly up to an additional $10 million to help fund a new 49ers stadium." If the city "sells more than $25 million in bonds, that extra revenue -- up to $10 million -- will go toward funding the planned 49ers stadium." The amount of bonds sold "will depend on the financial market," and officials are "not overly optimistic that they will have takers for the full $35 million offer" (SAN JOSE MERCURY NEWS, 4/20).
EXPRESSING CONCERNS: In N.Y., Clare Trapasso reported while the USTA "hopes to break ground" this summer on a 3,000-seat stadium at Flushing Meadows-Corona Park, site of the U.S. Open, the facility "has raised concerns about increased traffic congestion and parking woes." Flushing Meadows-Corona Park Conservancy President Pat Dolan said her advocacy group is "not opposed" to the stadium, but added, "There is a very, very real burden on the people who live and do business around the park." Dolan noted that she is "worried that green spaces will be converted to temporary parking lots in the park during the Open to accommodate" fans. However, USTA Managing Dir of Corporate Communications Chris Widmaier said that the stadium "isn't expected to add many spectators to the roughly 700,000 who attend the Open" (NYDAILYNEWS.com, 4/19).