Menu
Facilities Venues

BOND SALE MAY HELP STEELERS MAKE STADIUM CONTRIBUTION

          Allegheny County Commissioner Bob Cranmer said
     Wednesday that if the Steelers help sell "stadium investment
     bonds," as they indicated they would, "it would count toward
     their share" of the $803M city/county proposal to build new
     football and baseball stadiums and other developments,
     according to Tom Barnes of the PITTSBURGH POST-GAZETTE.  By
     buying bonds, local companies could buy elements of the
     stadium, "such as seats or a scoreboard, and receive tax
     benefits as those assets depreciate."  Another element of
     the financing proposal would let "investors secure exclusive
     rights to stadium concessions."  Cranmer said that if the
     Steelers could sell $20-25M in bonds, it could be added to
     their previous commitment of $50M, "raising it to the level
     of [$70-75M] he's been pressuring them to provide."  The
     team had no comment, and Barnes wrote that no one with the
     Steelers "has been willing to say" how they would raise
     their $50M commitment (PITTSBURGH POST-GAZETTE, 6/19).

SBJ Morning Buzzcast: May 7, 2024

The PWHL playoffs set to begin after record-breaking inaugural season; Smith Entertainment Group announces plans for Utah hockey franchise HQ; new title sponsors for the PGA Tour event in Charlotte and college football bowl game in Arizona.

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/06/19/Facilities-Venues/BOND-SALE-MAY-HELP-STEELERS-MAKE-STADIUM-CONTRIBUTION.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/06/19/Facilities-Venues/BOND-SALE-MAY-HELP-STEELERS-MAKE-STADIUM-CONTRIBUTION.aspx

CLOSE