Group Argues Against New Bucks Arena Financing
by Crocker Stephenson, email@example.com Milwaukee Journal Sentinel, Staff, Milwaukee Journal Sentinel September 2015
Nationstar Mortgage Common Ground had stood with Mayor Tom Barrett on Friday when he announced that , a company with deep ties to Milwaukee Bucks co-owner Wes Edens, would invest $30 million in Milwaukee's troubled mortgage market.
Sponsored Video: How to Make a Daktronics Video Board a Reality for Your High School
by AB Staff August 2015
This sponsored content was paid for by Daktronics. What is sponsored content?
Thanks to Daktronics, video technology once reserved for the biggest and best professional venues is now possible at high schools everywhere. In this exclusive video, AB brings viewers on an all-access look at Daktronics headquarters in Brookings, South Dakota and shows how the company is bringing the professional game day experience to the prep level.
You'll learn how high schools are implementing video boards into their athletic events and academic curriculum, benefiting students beyond the playing field. Plus, see how Daktronics can help schools of all sizes (and budgets) afford a video board.
Team Got Big Donations Before Stripped of LL Title
by Chris Fusco August 2015
Jackie Robinson West took in at least $324,000 in donations before Little League International stripped the Chicago team of its 2014 U.S. title - money that's enabled the organization to build more than $200,000 in cash reserves, records obtained by the Chicago Sun-Times show.
Missouri Board OKs $15M for Stadium Construction
by Jason Scott August 2015
In an effort to retain the Rams or lure another NFL franchise to the city, a Missouri board approved $15 million in tax credits on Tuesday to help build a new football stadium in downtown St. Louis.
Missouri Governor Jay Nixon, along with the Regional Convention and Sports Complex Authority, proposed the new stadium along the Mississippi River to counter the Rams’ possible move back to Los Angeles, where Rams owner Stan Kroenke has proposed building a $1.8 billion stadium.
As Fox Sports reports, the Missouri Development Finance Board approved the $15 million tax credit plan, despite opposition from board member and Lieutenant Governor Peter Kinder. The sports authority plans to request an additional $17.5 million in tax credits in each of the next two years, bringing the total to $50 million.
The proposed riverfront project is estimated to come with a $998 million price tag. A plan presented to the board on Tuesday laid out a way to raise another $610 million, utilizing funds from an NFL team owner, an NFL loan program, and the sale of seat licenses. Under that plan, the state would need to issue another $201 million in bonds, and $187 million in tax credits and other incentives.
Lawmakers who oppose the plan, including Representative Jay Barnes, issued a lawsuit saying that a taxpayer-funded stadium project should have approval from the state legislature.
“If you want to be responsible stewards of taxpayer dollars, you cannot move forward on this proposal as it is presented,” Barnes said to members of the board.
While some members of the legislature have vowed to fight funding the new stadium, members of the board praised the plan as a boost to the economy.
“Our singular focus ought to be what’s best for the economic development of the state of Missouri,” said board member Reuben Shelton.
Cheerleaders Organize Movie Night to Fund Team Expenses
by Knoxville News-Sentinel (Tennessee) August 2015
The Karns cheerleading team has found an innovative and fun way to raise money for their organization. The team members recently began turning a local ball field into an outdoor movie theater with a double feature.
College, Town Partnership Would Build Athletic Facilities
by Jay Rey; News Staff Reporter August 2015
Daemen College is in talks with the Town of Amherst to use the West Royal Parkway Recreation Area as a potential site for the college's soccer and lacrosse teams.
Prep, Youth Teams Use Crowdfunding to Meet Shortfalls
by Jason Wolf, @JasonWolf, Special for USA TODAY Sports July 2015
Crowdfunding platforms, or websites where users set up fundraising pages to share through social media, are expected to raise more than $5 billion this year, according to the industry website Crowdsourcing.org.
UNC Fundraising Rebounds After 'Paper Classes' Scandal
by Ray Gronberg, The Herald-Sun (Durham, N.C.) July 2015
UNC launched a major fundraising campaign in fiscal 2014-15 by securing $447 million in cash donations and pledges, a record surpassing the single best year of its last one. "This old place that we love as much as we do is resilient," said David Routh, vice chancellor for development and a 1982 alumnus.
Recreation Taxes a Hit with Utah Counties, Cities
by Courtney Tanner The Salt Lake Tribune July 2015
RAP, ZAP, CARE, RAMP, RAPZ, PAR, PARAT. No, this isn't a cryptogram. These are different names for the zoo, arts, parks and recreation taxes growing in popularity throughout Utah.
U. of New Mexico Athletics Raises Record $14.7M
by Journal Staff Report July 2015
University of New Mexico athletics, the UNM Foundation and the Lobo Club announced Tuesday that the department raised a record $14,755,768 for the 2014-15 fiscal year, shattering the record of $14,050,000 from 2007-08.