Facilities Venues

SIX PACK: BRONCOS CORRAL $150M LOAN TO HELP BUILD STADIUM

8.16.1999

          N.Y.-based Sumitomo Bank and five other banks are
     "financing" the Broncos' new 76,000-seat stadium with a
     $150M loan, according to Guy Kelly of the ROCKY MOUNTAIN
     NEWS.  Sumitomo is "joined" by USBank, Bank One, Key Bank,
     Fleet National Bank and Chevy Chase Bank.  Sumitomo Senior
     VP James Weinstein said that the bank was "impressed" by the
     Broncos management and the community's "commitment to the
     project."  Kelly added that the Metropolitan Football
     Stadium District has "issued about" $244M in bonds to "fund
     the public's share" of the stadium cost (ROCKY MOUNTAIN
     NEWS, 8/14).  In Denver, Emily Narvaes reported that the
     team "immediately withdrew" $107M of the $150M loan. 
     Weinstein said that the "remaining" $43M "will be used to
     pay interest and contingencies" (DENVER POST, 8/13).

PREVIOUS FEELING MINNESOTA: VENTURA KICKS OFF TAX REBATE/STADIUM PLAN NEXT FAMILY GOLF COULD SELL SKATENATION FACILITIES TO RAISE $$

SPONSORED CONTENT

ADDITIONAL SECTIONS

PODCASTS

SBJ Morning Buzzcast: May 14, 2024

May 14, 2024

The WNBA's biggest moment? More fractures in men's golf; Conferences set agendas for spring meetings and the revamp of the Charlotte Hornets continues

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

May 8, 2024

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

April 23, 2024

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.

SBJ TV

Sports Media Podcast April 24 Whos Up Whos Down

4 mins

Sports Media Podcast April 17 2024 The Big Get Molly Solomon

5 mins

Sports Media Podcast March 27 2024

29 mins

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1999/08/16/Facilities-Venues/SIX-PACK-BRONCOS-CORRAL-$150M-LOAN-TO-HELP-BUILD-STADIUM.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/1999/08/16/Facilities-Venues/SIX-PACK-BRONCOS-CORRAL-$150M-LOAN-TO-HELP-BUILD-STADIUM.aspx