GILES SAYS NEW BALLPARK TALK COOLS. WAIT FOR STATE ACTION
Phillies President Bill Giles said talks did occur between
the team and Comcast regarding a new baseball stadium, but he
said both sides agreed to "wait and see what the state will do."
Giles admitted reports of the team exchanging cable rights for
help with funding a new stadium were true, but said that giving
up those rights would "not be a good idea." Giles: "That's what
I call funny money. If we had a new stadium, why would I want to
take away the cable rights?" Giles is waiting to see what a
state committee of sports development experts will suggest in
their report, expected in July. Giles: "It has to be the state.
It doesn't have to be all state money, but the state has to come
up with the majority. The city has to put up some, the state has
to put up some, and we have to put up some" (Ed Moran,
PHILADELPHIA DAILY NEWS, 4/25).