St. Louis Business Execs Stay Quiet On Rams Stadium Temporary Tarp Place Over Roof At U.S. Open Dolphins Unveil Sun Life Stadium Renovations Louisville Announces Stadium Expansion Plan Lexus Gets Dallas Arena's Platinum Level Name DraftKings Inks Deals With Cowboys, Chiefs, Pats University Plans Threaten Downtown Cincy Project Raiders Move Into New Training Facility Iowa State Completes South End Zone Renovations Florida Close On O'Connell Center Financing
SBD/July 12, 2013/Facilities
Published July 12, 2013
WORD IS BOND: In St. Louis, David Hunn reports St. Louis Regional Convention & Sports Complex Authority board Thursday "unanimously approved" a resolution to refinance bonds for the Edward Jones Dome. If bond rates "do not rise too much higher, the refinancing should close in August." The move "should save the state of Missouri about $8 million and St. Louis County about $4 million, and earn as much as $300,000 for the Dome itself" (ST. LOUIS POST-DISPATCH, 7/12).
ALL IN THE FAMILY: In Detroit, Louis Aguilar cites sources as saying that there is a "good chance much of the $200 million of development intended to be built around" the new Red Wings arena "could end up on land controlled" by team Owner Mike Ilitch. Public records show that "much of the property is clustered behind Ilitch’s Fox Theatre headquarters between Grand River and Grand Circus Park." A "good deal of that land is surface parking lots and empty historical buildings, which has made the Ilitch organization the target of criticism through the years for sitting on the property" (DETROIT NEWS, 7/12).