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SBD/May 15, 2013/Facilities
Published May 15, 2013
DON'T BANK ON IT: In Baltimore, Eileen Ambrose reports 1st Mariner Bancorp "says it does not plan to bid for naming rights" to 1st Mariner Arena after its deal expired last year. Company Exec VP/Retail Banking Dennis Finnegan said, "We talked some numbers. We weren't close to what they're suggesting." Finnegan declined to disclose the price tag Legends Hospitality placed on the arena's naming rights, but said it was "multiples" of what the company had been paying. He added that 1st Mariner "might reconsider if Legends comes back with a lower figure that's closer to what the company proposed" (Baltimore SUN, 5/15).
PERSONAL DEMONS: In Chicago, Rick Telander writes the plan for a new DePaul Univ. basketball arena at McCormick Place is a "dumb idea on the face of it." If DePaul plays 18 games at the new arena, it leaves 347 "days of emptiness." Telander writes this is "such a guaranteed money-loser that it boggles" his mind. The United Center is "much closer to DePaul than McCormick," and it "already offered itself to DePaul for 10 years, rent-free" (CHICAGO SUN-TIMES, 5/15).