SBD/December 10, 2012/Facilities

Facility Notes

In Louisville, Marcus Green cited a Standard & Poor's report as saying that the “outlook for the KFC Yum! Center’s construction debt is negative, but stopped short of downgrading its opinion of the project’s bonds.” The report “comes amid new management by entertainment giant AEG promising more revenue and a slew of events.” The Yum! Center “needs steady increases in tax revenues -- especially sales taxes generated by surrounding businesses -- to pay its debt.” A downgrade would have put the debt in S&P’s speculative, or “junk,” category (Louisville COURIER-JOURNAL, 12/8).

SKINS GAME: In DC, Tom Sherwood reported DC city officials have “proposed a unique deal" to Prince George’s County, supporting "an FBI move to Maryland if the Redskins are allowed to break their lease.” DC Council Finance & Revenue Chair Jack Evans said, “Certainly the idea of a switch for the FBI moving to Prince George's County and the Redskins moving back to the city in a brand new stadium at RFK would be something I would certainly be interested in.” But Sherwood reported Prince George's County Exec Rushern Baker’s administration is “not entertaining any discussions around moving” the Redskins back to DC (NBCWASHINGTON.com, 12/7).

BEST NBA VENUES: In L.A., Eric Pincus noted Staples Center was “featured in the November issue of Stadium Journey Magazine as one of the NBA's best arenas.” The arena was featured along with “profiles on the Toyota Center, The Palace and Barclays Center” (LATIMES.com, 12/8).
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