CALIFORNIA | LOCAL
February 12, 1996 |
Cities seeking professional sports expansion teams or trying to lure franchises from other cities--or simply trying to keep their current teams--are now required to make enormous financial concessions to these transient teams. By almost all accounts, the economic impact of a sports franchise on a community is negligible.
March 29, 2012 |
This post has been corrected, as indicated below. It looks like all pay-TV customers in the greater Los Angeles area will be footing part of the bill for removing Frank McCourt from the owners' box at Dodgers Stadium. With Fox Sports West, Time Warner Cable and local stations all competing for the right to broadcast Dodgers games starting in 2014, the odds are good that the team will be able to extract the kind of multibillion-dollar deal that the Lakers reportedly negotiated with Warner last year.
October 11, 1987
American cities and states should mount a massive counter-terrorism campaign. They are constantly being held hostage by the magnates of professional sports franchises. If team owners begin to feel neglected or notice a spot of rust here and there in the stadium, all they need to do is to start to whisper about moving. Local officials will start turning handsprings to make the owner happy. Other cities will start their money machines churning to entice the franchise to their town.
October 1, 2012 |
On Monday night, a star-studded lineup that includes Kobe Bryant, Steve Nash, David Beckham and Landon Donovan will gather in El Segundo to celebrate Time Warner Cable's new regional sports channels SportsNet and Deportes, which go live at 7 p.m. It probably won't take too long for Time Warner Cable executives to flip the switch on the channels -- which will carry the Lakers and the Galaxy -- since so far its cable systems are the only ones carrying...
October 26, 1994 |
Is baseball a past-tense national pastime or a low-priced growth stock with a promising recovery in its future? Baseball team owners and players are losing more than revenues and bonuses from cancellation of the World Series--which would have been played this week. Team values have fallen 20% because of the strike, which is more than 2 months old, says Paul J. Much, an evaluator of sports franchises for the Los Angeles investment banking firm Houlihan Lokey Howard & Zukin.
December 24, 1993 |
A few years ago, there wasn't a single ice-skating rink in all of Nevada. Perhaps the busiest skates in these parts belonged to the semi-sequined stars of Nudes on Ice. Hockey fans worth their salt traveled 300 miles to the Forum each winter for the requisite dose of breakaways and body checks.
May 1, 1995 |
It was on the heels of their first appearance in the Super Bowl that the San Diego Chargers announced in February that their home, Jack Murphy Stadium, would be expanded from 60,000 to 72,000 seats--thus ensuring that the team would remain here until the year 2020.
August 4, 1996 |
In 1836, the year the Alamo fell, a couple of land speculators named John K. Allen and his brother Augustus figured that a low, flat, grassy stretch of land about 50 miles north of Galveston might amount to something more than a breeding ground for mosquitoes. They were right. The place turned out to be Houston, and after a ship channel was dredged to the Gulf of Mexico, it eventually grew to be the fourth-largest city in the United States.
May 17, 1989 |
With the Board of Supervisors poised to vote on a proposal that could clear the way for a sports arena in neighboring Anaheim, Santa Ana officials Tuesday announced the revival of plans to build a similar facility for their own city. Santa Ana's 20,000-seat arena would be built on 17 acres at Edinger Avenue and Lyon Street, near Century High School in an industrial and business park owned by the Santa Fe Pacific Realty Corp. Santa Ana officials said they hope that the private effort to build such an arena would lure new or existing professional sports franchises to the city.
March 15, 1990 |
Those who would bring professional basketball and hockey teams to Orange County paint a rosy picture of prosperity, projecting a great boost to the local economy generated by the teams and a new indoor sports arena. But many economists say sports franchises and indoor arenas do not necessarily result in an economic boon. "That seems to be a matter of debate that hasn't been resolved yet," said Pepperdine University economist Dean Baim.