The St. Paul City Council publicly opposes using a half-cent sales tax in Ramsey County to fund a new stadium for the Minnesota Vikings. The resolution is a formal statement that doesn’t have the affect of an ordinance. Under the latest proposal for the $1 billion stadium, the county is on the hook for $350 million. The Vikings would contribute $400 million and the state would add $300 million.
2. Regardless of whether there’s a full NFL season, fantasy football companies will take a hit financially because of the prolonged lockout. The uncertainty surrounding the season caused a drop in advertising and sponsorship revenue, even forcing some magazines to halt production. Fantasy football is an $800 million industry.
3. Business leaders in St. Petersburg, Florida, are upset over a proposed city charter amendment that would require a public vote on all development projects over $100 million. The leaders say the proposed change unfairly targets the Tampa Bay Rays, who are seeking public money to build a new stadium.
4. The Los Angeles Dodgers blame their financial problems on “abusive conduct” from Major League Baseball, saying Commissioner Bud Selig is looking for any excuse to remove Frank McCourt as team owner. The Dodgers last week blasted the league in bankruptcy court for refusing to turn over requested financial documents.
http://www.pbs.org/nbr/site/features/special/archives/sports_marketing/sports_bust_boom_hope_110711/
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