Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Expansion Stadium Plans Look Dead in the Water in Ohio
Akron Beacon Journal, December 20th, 2006 4:15PM

MOST READ

MOST COMMENTED

Real Salt Lake isn't the only Major League Soccer club depending on local government to help raise money for a new stadium: A proposed cigarette tax by Ohio's Summit County to fund a new $170 million soccer stadium was rejected Tuesday by the Ohio General Assembly without consulting outside officials or county residents, placing the prospect of funds being raised for a new 20,000-seat soccer stadium in serious jeopardy, if not killing the plans altogether. "It's bad news, real bad news," project developer Paul Garofolo. While Ohio law permits counties to seek a tax of up to 4.5 cents without state approval, Summit County needed a levy of 30 cents per pack to pay for the bonds issued by the county's Port Authority for the new stadium with a retractable dome. That tax would yield around $210 million over 30 years. Garofolo said that $157 million in private development, including a hotel and two retail complexes, was dependent on construction of the stadium. "Everyone is baffled, and we're not sure what went wrong,'' Garofolo said. Critics aren't surprised by the outcome, saying that Garofolo failed to win over local legislators, focusing instead on lobbying Republican leaders in Columbus. The developer has until Dec. 31 to show MLS there is a firm plan for public funds to build the stadium, though Garofolo says he isn't optimistic this can be achieved before the deadline. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Ranieri Named Greece Coach     
Claudio Ranieri on Friday signed a two-year deal to manage Greece. The 62-year-old Italian replaces Fernando ...
West Ham's Carroll to Miss Four Months    
West Ham striker Andy Carroll is set to miss up to four months after suffering ankle ...
Pinto Quits Costa Rica     
Jorge Luis Pinto, who guided Costa Rica to a surprise quarterfinal finish at the World Cup ...
Cech to Fight for Chelsea Place    
Petr Cech has vowed to stay and fight for his place as his decade-long reign as ...
Mourinho: Drogba 'Belongs' to Chelsea    
Jose Mourinho on Friday admitted that he is considering re-signing Chelsea legend Didier Drogba, who is ...
Maradona Blasts Argentina's Coaching Decisions    
Former Argentina captain Diego Maradona, who famously inspired the Albiceleste to World Cup glory at the ...
FIFA Backs 2018 Russia World Cup     
FIFA on Friday said it remains committed to the 2018 World Cup in Russia, despite the ...
NBC Brings EPL to Movie Theaters    
NBC Sports and Fathom Events are teaming up to show English Premier League games on Saturday ...
Aguirre Named Japan Coach     
Former Mexico coach Javier Aguirre on Thursday was appointed head coach of the Japanese national team, ...
Swans Sign Montero    
Swansea on Thursday signed Ecuadorian winger Jefferson Montero on a four-year deal from Mexican club Morelia. ...
>> Section 2 Around the Net Archives