Braves Project Takes Major Step, But Challenges Remain
by J. Scott Trubey, Katie Leslie, Dan Klepal; Staff writers July 2014
The Atlanta Braves on Wednesday formally announced new members of its team --- not the one vying for a World Series title, but the development group tasked with making a year-round winner out of a proposed $400 million mixed-use complex surrounding the new Cobb County stadium. Making the project a success is no small feat, especially with so much at stake for both the Braves and Cobb taxpayers. The Braves' aim is to create a profitable, 74-acre mix of retailers, restaurants, offices, hotels and residences around the ballpark, near Cumberland Mall. Such a complex, the team anticipates, will draw guests not just to the team's 81 regular season games, but throughout the year.
Council Will Put 19 Park Closures on November Ballot
by Kirsten Crow email@example.com July 2014
The City Council gave preliminary approval Tuesday to put 19 parks on the November ballot, which would leave the choice with voters on whether to decommission the recreational areas. But even if voters give city officials the authority to close and auction the parcels of land, that doesn’t mean the parks would immediately be sold, officials said.
Allen ISD Spending Millions to Fix Unsafe $60M Stadium
by Michael Gaio July 2014
When Eagle Stadium opened in the Dallas suburb of Allen in August 2012, it was lauded as the best high school football facility in the nation. Today it's a money pit.
The Allen ISD school board voted Monday to use $2 million in existing bond funds to kick start construction on the broken stadium within the next two weeks. The money will go toward fixing the "extensive cracking" in the stadium's foundation that forced the school district to close the facility for the upcoming season.
Allen superintendent Lance Hindt says the money is a "security blanket." Hindt told CBS News in Dallas that Pogue Construction and PBK Architects will reimburse the district for any money spent on repairs. The district hopes to have the repairs complete in time for graduation next spring. With a tight deadline, Hindt says that's why the district is willing to spend the $2 million up-front immediately.
To date, the Allen Eagles have not lost a game in Eagle Stadium (11-0) and are two-time defending state champions in Texas' Class 5A Division I. The stadium, which cost $60 million to build, seats 18,000 people making it the fifth-largest high school stadium in the state, but the largest that is home to just one school. It features a Daktronics 874-square-foot HD video board, a weight room, synthetic turf and 6,500 bench-back seats.
Want to Buy the Bills? You Have Until 5 p.m. to Bid
by Tim Graham, News Sports Reporter July 2014
The NFL's regular season doesn't begin until September. But the bidding process to buy the Buffalo Bills kicks off today. Prospective buyers have until 5 p.m. to notify financial firm Morgan Stanley they intend to remain in pursuit.
YMCA May Rescue Lewiston Gymnastics Program
by DANIEL HARTILL, Staff Writer July 2014
The city and the Auburn-Lewiston YMCA are quietly working on a deal that may save a popular, city-run gymnastics program squeezed by tightening budgets.
Opinion: IHSA Protecting Its Financial Secrets
by Phil Kadner, firstname.lastname@example.org July 2014
Quasi-governmental organizations often perform what appear to be government functions but contend that they are exempt from the laws pertaining to government bodies. The Illinois High School Association is such an organization and is being sued by the Better Government Association, which wants to find out how it spends its money. The IHSA runs state athletic competitions, governs recruiting processes for schools, sets drug policies and generates millions of dollars each year from events involving primarily public schools.
Run of Deficits Compromising UNM's Ability to Compete
by GEOFF GRAMMER JOURNAL STAFF WRITER July 2014
As coaches salaries skyrocket and multimillion dollar facilities are going up around the country at breakneck rates, university presidents around the nation are struggling to strike a balance between justifying more and more spending for athletics to stay competitive with the harsh economic realities elsewhere on their campuses.
Planning and Prioritizing Renovations for Rec Centers
by Zach Bisek July 2014
Many communities across the country are emerging from the recession with new energy, new life and new ideas for their future. While budgets are loosening, recreation organizations are still limited when it comes to undertaking new projects. Construction of a new recreation center is still out of reach for many organizations, but long-desired renovations of an existing facility might be feasible — at least some of them.
USC to Spend $1M Annually to Feed Student-Athletes
by Andrew Brandt July 2014
If there's one thing we've learned from the ruling that allows NCAA Division 1 schools to feed their student-athletes however and whenever they want, it's that athletes eat a lot. And now, that "a lot" has an actual dollar amount attached to it.
CFP Cut for Five Power Conferences Could Hit $50M Each
by George Schroeder July 2014
The Power Five conferences will almost double their financial haul in the College Football Playoff's first season as compared to the final year of the Bowl Championship Series, official estimates provided to USA TODAY Sports show.