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April 22, 2006

Saturday morning special

Something about it being springtime - or maybe legislative season - has the stadium and arena news coming faster than even your devoted webmaster can shake a stick at. So without further ado, let's go spanning the globe:

  • The city of Ottawa is considering raising the Senators' property-tax bill from $700,000 a year to $1.8 million a year. (Under normal commercial tax rates, they'd be paying $5 million.) Team owner Eugene Melnyk was "incredulous" at the looming hike, according to one team exec, while team president Roy Mlakar declared: "A buck is overtaxed to me." Funny, he doesn't look American.
  • One of the competing bidders for a Pittsburgh casino slots license lashed out at the Penguins for refusing to commit to the state's "Plan B" arena plan. if the team's preferred arena partner isn't awarded the license: Forest City Enterprises co-chair Albert Ratner accused the Pens of refusing to chip in more for the arena in order "to sell the hockey team at a higher price." The irony: Albert Ratner's cousin Bruce is currently seeking public subsidies to build a new Nets arena in Brooklyn, to help justify the inflated price he and his partners paid for the team.
  • The Seattle Sonics owners have announced that they'd be willing to put up $18.3 million, plus $1 million a year in rent, toward their requested $220 million renovation of KeyArena. To which the Seattle Times editorial writers replied: "Ooooooooooooooooo. Eighteen million dollars." (Really. Follow the link if you don't believe me.)
  • San Diego Mayor Jerry Sanders has declared that he "would not be able to support the use of any public funds toward the construction of a new [Chargers] facility," and that "the only way that I would be able to support the use of public land is if there is a positive revenue stream back to the City from the use of that land." Apparently knowing what the Chargers' response will be to that, Sanders says he'll seek a lease amendment allowing the team to look elsewhere in San Diego County for a new stadium site, in advance of the January 2007 date when it can legally begin negotiating with other cities, including those outside the region.
  • The Indianapolis Colts stadium cost has just gone ... how many people thought I was going to say "down"? Anyone? No, it's up, of course: an additional $15 million or so to pay for a settlement of its eminent-domain dispute with a neighboring bean plant. (No, not that kind of bean plant.) The Indianapolis Star reports drily that "there's no room in the construction budget for this extra cost, so a solution will have to be fashioned to address the shortfall." Gee, ya think?

COMMENTS

here's a link to a completely new hustle on the stadium front- minnesota style. basically the university is trying to swap a contaminated landfill it owns for prime stadium real estate. the swamp would go to the state in roughly an exchange for the money to buy the stadium site...

but the swamp is a toxic pollution site besides being a protected habitat. another gullible legislature at work.

http://www.startribune.com/462/story/387362.html

ken

Posted by: ken on April 23, 2006 03:02 PM

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