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as the host, really deserving
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MessaggioInviato: 21 Dic 2019 09:01:52    Oggetto:  as the host, really deserving
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ATLANTA -- When Atlanta Mayor Kasim Reed found out a neighbouring community had made a generous offer to help finance a new Braves stadium, he balked and said the city simply couldnt compete. Reeds decision comes a few months after the mayor faced tough criticism for pushing through a plan to use public money to support a new NFL stadium downtown. And it underscores the challenges facing cash-strapped communities nationwide as they weigh the risks and rewards of using public money to help finance major sports venues. "The bottom line is that the city was presented with a choice, and that choice was encumbering between $150 million to $250 million in debt and not having money to do anything else," Reed said, referring to the citys share of costs for desired improvements at Turner Field. Instead, the mayor announced Tuesday that Turner Field would be demolished when the Braves leave in 2017, making way for a new large-scale development. Reed has said the city couldnt match Cobb Countys offer of $450 million in public support to the Braves, though the team disputes that figure. When faced with the question of how much to contribute to stadium construction or refurbishment, local leaders have to weigh the state of their communitys finances. In Atlantas case, Reed said the city has a $900 million backlog in infrastructure projects. There have been instances of communities not putting up public money, but those are the exception, said Judith Grant Long, an associate professor of urban planning at Harvard University. Most notable is the current home of the San Francisco Giants, which was the first privately financed major league stadium in decades. On the other end of the spectrum, Long pointed to the $975 million Minnesota Vikings stadium project. There, the public contribution has been estimated at $498 million. "The impact of the recent recession on state and local tax revenues, and consequently fiscal management, should influence thinking about all new capital projects and the role of public debt," Long said. The new 42,000-seat Braves stadium would be located about 10 miles north of downtown and cost $672 million to build. Reed has said he was informed of the $450 million in public financing during a meeting with the team, but the Braves said the costs havent been finalized and "reports of this figure are erroneous." Cobb County appears to have at least three financing options that would not involve raising taxes on residents, including a hotel/motel tax that brought in $10 million in revenue last year, a community improvement district that pools money from area businesses for infrastructure projects and a budget surplus. The proposal does include options for commercial development, including restaurants, retail, hotel and entertainment facilities that would surround the stadium and also would boost revenues. Details on the public funding are expected to be released in the next few weeks. In defending his decision, Reed argued the Braves situation was much different than the citys plan to contribute at least $200 million in public funding to support a new $1.2 billion, retractable-roof stadium for the Atlanta Falcons. Reed said the Falcons deal will use the citys hotel/motel tax for improvements to state-owned property where the NFL stadium will be built. There was no such funding mechanism for the Braves, so any contributions would have forced the city to take on significant debt, Reed said. "It doesnt mean I dont want the Atlanta Braves in Atlanta," Reed said. "Were not going to put the city on its back financially." Reed touted the publics relatively small share of costs for the NFL stadium. Long said that was lower than the average of about 70 per cent in public money for stadium projects. William Perry, executive director of the government watchdog group Common Cause Georgia, was a vocal critic of the mayor for not seeking more public input on the Falcons stadium deal. He said this week that the mayor appeared to be applying inconsistent logic by fighting for the Falcons but letting the Braves leave. Braves executives said the decision to leave Turner Field was based on several factors, including $150 million needed to replace seats and pay for other upgrades as well as another $200 million to improve the fan experience. The team cited a lack of mass transit options in the area, too few parking spaces and limited freeway access. "Our new location will give us the opportunity to develop the surrounding area of the new ballpark, transforming it into a mixed use, 365-day destination and creating an enhanced atmosphere for our fans during Braves games," the team said in a statement. Studies have shown stadium projects create only modest increases in overall tax revenue and job creation, Long said, although more teams are taking a role in developing lodging, entertainment and retail around the venues. "In part, this is evidence of a trend where teams are more interested in development around the stadium as part of their evolving business model," Long said, adding that it can also help with gaining approval. "However, these urban development benefits ... are slow to materialize." For Cobb County, the benefits of the project are clearly worth any risk. "This makes Cobbs marketability so much stronger, and it helps us become more than a suburban community," said Brooks Mathis, an executive with the Cobb Chamber of Commerce who helped negotiate the deal. "We are going to see huge benefits for many, many years to come especially having such a wonderful organization like the Braves be a part of our community."
. Auld made 37 saves in a 5-3 loss to the Boston Bruins on Saturday. It was Ottawas first game without starter Anderson, who is out indefinitely after cutting his hand Wednesday night, and it was evident the team wasnt sure how to deal with the change in goal.
. -- Houston Rockets coach Kevin McHale searched more than three quarters for five guys who would play well together.
Coming off a 6-0 drubbing at Chelsea on Saturday, Arsenal endured another demoralizing result after rallying for a 2-1 lead -- only to concede a fluke equalizer.
. Leave it to Matt Niskanen, the newly proclaimed Eddie Haskell of the Washington Capitals.
. The (14-15-5) Jets are seventh in the Central Division with 33 points. They trail sixth place Nashville and fifth place Dallas by two points.PARADISE VALLEY, Ariz. - San Diegos Petco Park will host baseballs All-Star game in 2016, marking the second straight year the game will be played at a National League site.This summers game will be played in Cincinnati on July 14. The same league hasnt hosted the game in consecutive years since 2006 at Pittsburghs PNC Park and 2007 at San Franciscos AT&T Park.San Diego is a beautiful city, Bud Selig said Thursday after his final owners meeting as baseball commissioner, and showcasing Petco Park will be a remarkable opportunity for the Padres franchise and all of Major League Baseball.He said the city made a detailed and very comprehensive bid in conjunctions with their city officials and are most deserving to serve as the host, really deserving.Selig said he received a number of outstanding bids from National League clubs that have never hosted the All-Star game.Due to the quality of the Padres bid, he said, it was determined that the 2016 site would be awarded to the club that made the most competitive bid, regardless of league affiliation.Padres executive chairman Ron Fowler thanked the San Diego city counciil and Mayor Kevin Faulconer for working together with the Padres in developing the bid.ddddddddddddSan Diegos a great place in the summer, Fowler said. We look forward to having all of you there and we will do our darndest to make it the best All-Star game you could ever have.This will be San Diegos third All-Star game following 1978 and 1992 at Jack Murphy Stadium.Selig said that in choosing future All-Star sites, Major League Baseball will look at new ballparks and those that have undergone major renovation.Weve made a lot of promises to cities about getting All-Star games, he said, so well be guided by a myriad of factors.Rob Manfred, who will take over for Selig as commissioner on Jan. 25, said his inclination was to stick with the rule Selig pushed for that gave World Series home-field advantage to the team from the league that wins the All-Star game.I think it was one of those reforms that commissioner Selig introduced that has allowed us to continue our All-Star game as the premier All-Star game in all sports, Manfred said. One of the things Ive learned is if its not broken, dont fix it. ' ' '
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MessaggioInviato: 21 Dic 2019 09:01:52    Oggetto: Adv

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