Cavs "Quietly" Sought County Funds For Arena Bettman: Flames Need New Arena Marquette, Bucks Partner On Athletics Center Gillette Stadium Adds Cross Insurance Pavilion NBA Extends Rights With China's Tencent 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
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SBD/December 27, 2011/Facilities
NBA Facility Notes: Pistons Unveil Renovations At Palace Of Auburn Hills
Published December 27, 2011
BALANCING ACT: In Sacramento, Dale Kasler reported a Southern California company “won court approval Thursday to buy Power Balance LLC and will continue negotiating to keep the Power Balance name on the Sacramento Kings' arena.” Power Balance attorney Marc Winthrop said that a bankruptcy judge in Santa Ana “cleared the way for Hanyang LLC to purchase Power Balance.” A source said that the new owner “was trying to negotiate new financial terms with the Kings” (SACRAMENTO BEE, 12/23). Also in Sacramento, Tony Bizjak reported city officials said that they “will wait until January to solicit private company interest in leasing downtown garages as part of an arena financing deal -- despite a push by the mayor's office to move more quickly.” Assistant City Manager John Dangberg said that city staffers “were initially looking at Dec. 22 as the potential date for soliciting private company interest but moved the date to Jan. 9 after consultants advised waiting until companies have offices up and running again in the new year” (SACRAMENTO BEE, 12/24).
ON YOUR OWN: Wisconsin Gov. Scott Walker said that Bradley Center, “which is trying to find ways to generate additional revenue in support of its tenants, has the ability to raise money ‘on its own merits.’" In Milwaukee, Don Walker wrote that is Walker's “way of saying the Bradley Center shouldn't necessarily count on any kind of public support.” The governor’s Press Secretary Cullen Werwie said in an e-mail, “There are a lot bigger issues facing the state right now than the Bradley Center, (and) the governor is going to continue focusing on those issues” (MILWAUKEE JOURNAL SENTINEL, 12/23).