: News Article:
New Arena deal agreed to by city and Katz group:mod warning #616
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05-10-2013, 12:11 AM
Join Date: Jun 2006
Originally Posted by
Why can't we sell the naming rights to the new arena now, and take a loan out against it to get the rest of the money needed to start building this thing?
An average deal on the naming rights would easily cover the rest of the money + interest.
Building naming rights are typically considered a valuable source of advertising revenue. Any suggestion of using it as collateral for the remaining 30 million would probably be as well received by Katz as the suggestions of raising the ticket tax.
Ie. cutting into the revenue streams from the building.
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