Facilities Venues

LEASE DEAL FOR AVALANCHE NOT AS LUCRATIVE FOR CITY

8.23.1995

     The Denver City Council gave preliminary approval this week
to a contract with the Avalanche for a two-year lease and two-
year option at McNichols Arena.  But the tentative agreement
would generate hundreds of thousands of dollars less for the city
than first projected.  When the Council voted 10-1 in favor of
the agreement Monday, members believed the city would make
$625,000.  Councilwoman Cathy Reynolds claims she miscalculated,
with the city's actual gain only projected at $85,600 (DENVER
POST, 8/23).

PREVIOUS HEAT DECIDE TWO MAY BE BETTER THAN ONE NEXT OPEN-AIR STADIUM IN HOUSTON A POSSIBILITY

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