Deal reached on new arena
City and county officials announced a deal to build a new arena, performing-arts center and renovated Citrus Bowl -- with a pared-down price tag, ensuring the Orlando Magic will keep playing downtown.
City, county announce deal on new facilities
Deal reached on new arena
In arena deal, mayors need to take control
City, county announce deal on new facilities
Deal reached on new arena
In arena deal, mayors need to take control
posted by OVERWADED @ 6:01 AM
3 Comments:
At 6:09 PM,
Mike from Illinois said…
Fantastic!! I can't believe that this deal was cut so quickly. This ensures that the Magic will stay in Orlando for years to come.
At 10:45 PM,
Matt said…
Who is Scott Maxwell? Besides his moronic comparison to the war in Iraq, he does not have his facts straight on the commitment by the Orlando Magic Organization. The other report indicates a “Magic contribution of more than $100 million. More than $40 million of it would be in cash, and the rest would come from revenue generated by the facility itself and credit guarantees from the team and its billionaire owner, Rich DeVos. Magic officials continue to refuse to offer a firm cash figure, citing ongoing talks.” My guess is that Sentinel jumped the gun assuming that a deal has been struck. In reality, the two mayors have ironed out some differences including the sensitive matter of site location to be in downtown Orlando. However, I am not sure that mayor Crotty has the blessing of the hotels industry to make such concession. The other pressing matter is the contribution of the Orlando Magic, that the organization has not publicly admitted to. In short, there is a lot left to be put in writing. I would consider the deal done when a contract is signed by all involved parties.
At 2:22 PM,
Ken said…
Lets not get to excited just yet. I won't believe it until I see the official ground breaking cerimony. A Central Florida News 13 poll claims 53 percent of Central Floridians are against a new arena. If you read any comments at the end of articles on Orlando Sentinel Online, there seems to be a very vocal opposition to the arena. I'm afraid most Orlando and Orange county residents are still backwards thinking, country bumbkins who want to keep Orlando as it was 50 years ago. They won't be satisfied until RDV pays for 100 pecent of the arena himself. I won't believe a new arena will be build until construction is actually started.
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