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Volume 24 No. 116

Facilities Venues

     The city of Atlanta has yet to propose a plan for a new
arena for the Hawks.  This comes four months after the city
"vowed to wage a spirited campaign" to keep the team from moving
to a state-of-the art arena in the north suburbs.  Although Mayor
Campbell set up a special city/Fulton County task force to form a
proposal, discussions between the Hawks and the council have been
"infrequent."  Hawks VP Lee Douglas said they have "a lot of
activity going on" and that there have been talks with IHL
Atlanta Knights owner Richard Adler about a possible joint
venture in Alpharetta.  The Hawks have been looking at several
proposals for an arena/ amphitheater complex at several suburban
areas, and two downtown sites (Ailene Voisin, ATLANTA

     Gordon Gund, principal owner of the Cavaliers, is "paying
$14M over 20 years to have the Gateway arena named the Gund
Arena."  Four other entities bid for naming rights, although only
KeyCorp and McDonald & Co. Securities Inc. were "publicly linked
to negotiations."  Gund will pay the same price that Indians
owner Richard Jacobs paid for the rights to Cleveland's new
baseball stadium.  The $28M from the two deals will help pay off
a $120M loan from Cuyahoga County (Harry Stainer, Cleveland PLAIN
DEALER, 9/25).