Mr. Kraft goes to Russia
(Note: I think I've got the template issues worked out, though I'm not 100% satisfied yet.)
The county alleges that the Bengals repeatedly misled taxpayers, claiming the team needed a new stadium to be profitable and to remain in the city. Taxpayers approved a one-half cent surtax to finance the $450 million Paul Brown Stadium, where the Bengals have played the past five seasons.
Current county commissioners contend the Bengals are not entitled to the advantageous lease they negotiated with the previous board.
The Bengals have asked U.S. District Court Judge S. Arthur Spiegel to throw out the county's lawsuit, saying it was not filed within the four-year statute of limitations from the time the lease agreement was signed in 1997.
The Mets would pay the cost of the stadium, which would open in 2009 and be built adjacent to the existing Shea Stadium in Queens. It would be converted for use for the Olympics if the city is chosen as the host for the Games.
The city and state would contribute $180 million for improvements to the infrastructure around the stadium and would pay an additional $100 million to convert the stadium to Olympic use.
The Mets' principal owner, Fred Wilpon, said he would not know the cost of the stadium until a design was selected, but he estimated that it would be $600 million.
When New York wanted a World's Fair, the city spent 50 years, from 1889 to 1939, holding out for a location in Manhattan, without success. Finally, the city settled on Flushing Meadows and won the fair, which returned in 1964.
And so yesterday, a day after Mayor Michael R. Bloomberg announced that Queens would be the fallback site for the city's Olympics bid - his Manhattan dream having crashed and burned - few people in the Borough of Fallbacks were shocked. Once again, New York's utility borough would pick up after Manhattan, repairing what needed to be fixed, bearing the burden of the city's, and the nation's, Olympic hopes for 2012.
The city was believed to be asking at least $1 million in annual rent from the NFL. The Star-News reported, however, that the NFL had offered less than $325,000 in annual rent and that the difference in figures had created some doubts for council members who initially supported the plan.
Opponents argued that the NFL would bring too much traffic, displace park users from the Arroyo Seco and threaten the Rose Bowl's historic status.
A state panel [the Public Authorities Control Board] denied an essential chunk of funding [$300 million] for a proposed $2 billion stadium on Manhattan's West Side -- the centerpiece of the city's bid to host the Olympics. Rules dictate the city cannot change its proposal, which the International Olympic Committee is considering along with bids from Paris, London, Madrid and Moscow. The IOC will choose a host city on July 6 [for the 2012 games].
"We have let America down," Mayor Michael Bloomberg, a stadium proponent, said Tuesday. "The (U.S. Olympic Committee) selected us, New York, to represent the country. Other American cities wanted to have the privilege of competing at the world level."