Group Created with Sketch.
Volume 24 No. 156
  • Created with Sketch.
  • Created with Sketch.
  • Created with Sketch.


          A "political maelstrom continued to swirl" around St.
     Paul's bid for a $130M hockey arena, as arena "protagonists"
     faced off with "new financing plans, veto threats, and
     demands for new investigations of the fledgling NHL [Wild's]
     operations," according to Whereatt & Brown of the
     Minneapolis STAR TRIBUNE.  On Friday, MN Gov. Arne Carlson
     threatened to veto a capital improvements bill "if it does
     not contain" the $65M earmarked for the arena, while State
     Senator Dean Johnson requested that the state "investigate
     financial arrangements" between the Wild, the city and arena
     construction manager M.A. Mortenson.  Wild CEO Jac Sperling
     said Friday that while the team's ties with Mortenson were
     "legal," he did "acknowledge" that they "were causing damage
     to the city's efforts" to get state money for the arena. 
     Sperling "reiterated" that no promises were made to "reward
     Mortenson for its $100,000 loan" which helped pay the team's
     NHL application fee (Minneapolis STAR TRIBUNE, 3/21).  
          OTHER QUESTIONS: In St. Paul, Laszewski & Reeve wrote 
     that a "number of questions remain" about the Wild's
     finances.  A list of investors released "omitted three --
     two from out of state and one from MN -- who refused to have
     their names be made public."  However, Sperling said that
     those investors "have no other involvement in the team." 
     The "amount of money the limited partnership controls also
     remains a secret" (PIONEER PRESS, 3/21).  But Sperling said,
     "We want to be as cooperative and open as possible.  We do
     not have anything to hide here" (PIONEER PRESS, 3/21).