Mutombo Interested In Hawks Ownership Broadcasting & Cable HOF To Honor 12 TPG A Majority Stakeholder In CAA Leagues To File Against N.J. Betting Manning Leaving CFP Committee Overnight Ratings: NASCAR, CFB PGA Tour Names Tom Wade CCO Sources: Barclays Center Up For Sale Sources: Islanders Sale Price Was $485M
SBD/September 18, 2012/FacilitiesPrint All
Oilers Owner Daryl Katz yesterday said that the team's "entire downtown arena deal is in definite danger of being derailed yet again," according to Terry Jones of the EDMONTON SUN. But it is "not because he’s asking for an arena operating subsidy," nor is it because he is "throwing out a bunch of new last-minute demands." Katz was "supposedly asking to be given" C$6M a year "in an alleged last-minute attempt to change the deal." He said, "I need to clear the air on the whole idea of an operating subsidy. ... It was a leak out of the city. It’s unfair. It’s untrue. And it’s totally counterproductive.” Katz also said that the "perceptions are way off base when it comes from the costs projected to go over the original" C$450M. He said that he is "willing to put more money into the deal to help make it happen." Katz: "That’s one of the things we could do if we get the things that would make it win-win. It has to be win-win" (EDMONTON SUN, 9/18). Katz said that he has "always made it clear to city negotiators that there should be a subsidy for him to operate the arena." He added that about "a year ago, the city agreed to take this request for a gaming subsidy to the province ... but nothing has materialized." Katz: "If it didn’t work out, it didn’t work out. But when two parties are trying to make a deal, it’s just not sufficient for one to say, ‘Too bad, so sad, you guys eat it.’ That’s not how two sides make a reasonable deal.” Katz said of why the public subsidy is needed, “Edmonton is a great hockey town, not necessarily a great hockey market. ... Edmonton is tied for the smallest media market by far. And we have the lowest percentage of corporate season ticket holders" (EDMONTON JOURNAL, 9/18).
NO ULTERIOR MOTIVES: Katz said he fears delays and rising costs could price the project “out of this market.” He added the arena project was “far too important to fail.” Katz: "I’m focused on making this deal work -- God knows, I’ve spent enough money. My wife thinks I’m nuts, OK? If this deal doesn’t work, what can I say, obviously all bets are off and we’ll have to figure out what comes next. And I don’t know what that will be.” Katz "dismissed suggestions he is changing the deal in midstream, making new demands to try to sabotage his own negotiations as a pretext to move the team.” Katz said, “Nobody can question my good faith commitment.” He added, “Quebec City is in the ground (on their arena project) and they started three years after us” (EDMONTON JOURNAL, 9/18).
The prospect of a new venue for a potential MLS team in Queens, N.Y., is “winning the thumbs-up from everyone from soccer fans and local business owners to community and elected officials,” according to Amanda Fung of CRAIN’S N.Y. BUSINESS. But advocates looking to maintain the Flushing Meadows Corona Park site already are “up in arms over the possible loss of public space for yet another sports stadium.” MLS picked Flushing Meadows in June “after three years of scouring the city for a site.” The plan “calls for the league to fund the building of the stadium." Sources said that construction "could begin as soon as next year, and that it could be completed in time” for the opening of the '14 MLS season. The $300M venue “would be constructed on the site of what is officially known as the Pool of Industry.” Since choosing the site, MLS has been “meeting with local, city and state officials to iron out an agreement that would allow the league to take over the city-owned land in exchange for creating an equal amount elsewhere.” To “sweeten the deal, MLS has agreed to refurbish the park's nine well-used soccer fields.” Sources said that the league also is working on a deal with the Mets to "share its parking facility so it would not have to build its own.” That means MLS and MLB games “would not overlap.” However, obtaining the necessary city and state approvals “will still take a lot of fancy footwork” (CRAIN’S N.Y. BUSINESS, 9/15 issue).