Re: The Sports World, starting to feel the downturn in the Economy.
http://www.bloomberg.com/apps/news?p...d=ar_NNbL0pGa4
They signed a pact with the devil in order to bring the NFL back to Houston. By the way how is that working out?
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which reminds me of this:
http://www.usatoday.com/sports/hocke...55071368_x.htm
I know it is the national sport, but what do regular Canadians think about subsidizing their professional teams? Or is this a nationalist thing about luring back a team that went broke in the U.S.?
http://www.bloomberg.com/apps/news?p...d=ar_NNbL0pGa4
“Harris County-Houston Sports Authority, which built the Texas city’s 71,500-seat National Football League stadium, may need to refinance $1 billion in debt and pay as much as $142 million ahead of schedule on bonds and interest-rate swaps. The agency, operator of Reliant Stadium for the NFL’s Texans, must pay $117 million over the next five years after JPMorgan Chase & Co. demanded accelerated retirement of variable-rate bonds due in November 2030, said J. Kent Friedman, the authority chairman… The extra costs will push higher annual debt service by $20 million to at least $83.7 million in 2011 from $62.3 million this year.”
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which reminds me of this:
http://www.usatoday.com/sports/hocke...55071368_x.htm
Quebec City has announced its intention to build a new arena in the hopes of bringing back an NHL team and one day hosting the Winter Olympics.
Mayor Regis Labeaume said on Friday that he's hired engineering firm SNC Lavalin to conduct a feasibility study. He hopes to see the arena built from 2010 to 2012.
Labeaume expects the arena to cost $400 million, with the city contributing $50 million to the project. He wants the federal and provincial governments to each pony up $175 million under infrastructure programs.
Mayor Regis Labeaume said on Friday that he's hired engineering firm SNC Lavalin to conduct a feasibility study. He hopes to see the arena built from 2010 to 2012.
Labeaume expects the arena to cost $400 million, with the city contributing $50 million to the project. He wants the federal and provincial governments to each pony up $175 million under infrastructure programs.
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