All articles tagged with #lease negotiations
Originally Published 3 months ago — by The Boston Globe
Applegreen has withdrawn from lease negotiations with Massachusetts Department of Transportation to redevelop 18 highway service plazas, including those on the Mass. Turnpike, after losing bidder Global Partners challenged the deal through media, government relations, and a pending lawsuit.
Originally Published 1 year ago — by NBC Sports
The New Orleans Saints have paid $11.4 million for their share of Superdome renovations after a public dispute, which was resolved following a call from Louisiana governor Jeff Landry to team owner Gayle Benson. The issue arose during lease extension negotiations, with the state emphasizing that renovation payments are separate from lease talks. This comes as New Orleans prepares to host the Super Bowl for the first time in 12 years.
Originally Published 1 year ago — by NOLA.com
The New Orleans Saints paid $11.4 million to the state for ongoing renovations to the Caesars Superdome, ending a standoff with the Superdome Commission. The dispute, which involved high-level political intervention, stemmed from ongoing negotiations over a new long-term lease. The Saints had withheld payments due to concerns over potential reductions in their revenue rights, but both sides have now agreed to continue discussions separately from the renovation funding.
Originally Published 1 year ago — by ESPN
The New Orleans Saints made an $11.4 million payment towards Superdome renovations, easing a standoff with state officials. The dispute, which became public during an LSED board meeting, stemmed from dissatisfaction over lease negotiations. The payment was made after a productive call between Saints president Dennis Lauscha and LSED board chairman Rob Vosbein. The Saints had withheld payments due to concerns over the state's negotiation stance, but progress has now been made. The renovations are expected to be completed before the next NFL season and the Super Bowl in February.
Originally Published 1 year ago — by NOLA.com
The New Orleans Saints are behind on $11.5 million in payments for the ongoing $500 million renovation of the Caesars Superdome, potentially threatening the project's timeline as the city prepares to host the Super Bowl next year. The Saints claim they are waiting for documentation from the Superdome Commission before making payments, while the commission warns that delays could alter the project's scope. The renovation is crucial for a new long-term lease to keep the Saints in Louisiana and for hosting Super Bowl LIX in 2025.
Originally Published 1 year ago — by KRON4
The Oakland A's and the City of Oakland failed to reach an agreement on a lease extension for the Oakland Coliseum, with the team considering options including playing at minor league ballparks in Sacramento and Salt Lake City. The city's proposal includes asking the A's to give up their ownership in the Coliseum and cover the cost of converting the field for soccer use, while also presenting options related to the team's relocation and future ownership. While there is believed to be a path to an agreement, no additional meetings with the city are scheduled at this time.
Originally Published 2 years ago — by Royals Review
The Jackson County Legislature has approved a measure to present an extension of the 3/8 cent sales tax for a new baseball stadium to voters in April, despite County Executive Frank White's request for more time to negotiate with the Royals and Chiefs. The precise location of the new baseball park remains unresolved, with potential sites including the East Village and the former Kansas City Star printing press building. Meanwhile, in baseball news, the Cardinals hire Chaim Bloom, the Giants are favored to sign Shōta Imanaga, and the Yankees and Mets are pursuing pitching options.
Originally Published 2 years ago — by The Athletic
The Baltimore Orioles have yet to sign a new lease to stay at Camden Yards, despite optimism expressed by Maryland Governor Wes Moore. Negotiations between Orioles owner Peter Angelos' son, John Angelos, and the state have been ongoing, but a deal has not been reached. John Angelos desires a lease that includes more than $600 million in public funds for ballpark improvements; he also wants to develop an area around the park similar to The Battery Atlanta. However, the necessary land for such a project does not exist. Despite the lack of leverage, MLB Commissioner Rob Manfred has stated that the Orioles will remain in Baltimore. The Orioles' lease expires at the end of the year, and fans are hoping for a resolution before the playoffs begin.