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Volume 24 No. 156

Facilities Venues

          A preliminary draft of conditions the City of Denver
     has set for the Broncos calls for the team to commit to
     playing at a new stadium in Denver for 25 years in order to
     be released from its Mile High lease, according to Alan Snel
     of the DENVER POST.  The metro football stadium district
     also would have to buy property at the Denver Sports Complex
     -- the proposed new stadium site -- from the city, "while
     the Broncos would be responsible for paying the city for
     demolishing Denver-owned Mile High."  The document serves as
     the city's "starting point" for negotiating the terms in
     which the Broncos could break their Mile High lease, which
     expires in 2018.  Although the document addresses "several
     key topics," Snel writes that one of its "biggest unanswered
     questions is the amount of money the Broncos will compensate
     the city to cover Mile High's debt refinancing and parking-
     area acquisitions from 1985" (DENVER POST, 12/18).

          Devils Owner John McMullen will hold a press conference
     on Friday in response to a Newark Star-Ledger report that he
     has interest in a possible new arena in Hoboken, NJ (N.Y.
     TIMES, 12/18)....Penn State Univ. has hired Coopers and
     Lybrand to survey season-ticket holders and business owners
     about putting in luxury boxes and club seats (PHILADELPHIA
     INQUIRER, 12/18)....The Pacers "are trying to devise" a
     retail or restaurant project for a 10,000 square-foot corner
     of their new arena, the Indiana Fieldhouse (STAR-NEWS,
     12/17)....The Marketing Arm GM Ray Clark calls Dallas-based
     companies Blockbuster, Interstate, JCPenney and Exxon as
     "prospects" for a naming rights deal to the Mavericks and
     Stars facility (STAR-TELEGRAM, 12/18).