Wednesday, June 24
Ford Center Tax Coming Up Short
Apparently the recession has had an impact on something other than Aubrey McClendon's bank account, as the falling number of dollars spent by consumers has also caused a decline in sales tax revenue in Oklahoma City, meaning the city now is falling short of cash for the $100 million Ford Center renovations. (via AP)
Shocking, I know.
If the trend continues for the tax - which was approved by OKC voters in March 2008 - by the time it is completed in March 2010, it will be about $15 million short, meaning the city will have to, as the AP put it: "start trimming projects or seek new modes of funding."
Translation: Don't expect any new picnic tables at Hefner Lake Park.
Of course, we all know the Sonix will do everything they can to make this work, as the team's ownership is firmly committed to Oklahoma City. Right? What's that, the team has an opt-out clause in their lease? C'mon, that can't be true, can it?
The team can opt out of the arena lease, the food and beverage agreement and the practice facility lease at the end of six years and at one or more other undetermined point in time during the initial 15-year lease if the average of team ticket revenue for the preceding two years fall below 85% of a benchmark of average ticket revenues in the first two full seasons following completion of arena renovations.
Oh, yeah, that clause.
Shocking, I know.
If the trend continues for the tax - which was approved by OKC voters in March 2008 - by the time it is completed in March 2010, it will be about $15 million short, meaning the city will have to, as the AP put it: "start trimming projects or seek new modes of funding."
Translation: Don't expect any new picnic tables at Hefner Lake Park.
Of course, we all know the Sonix will do everything they can to make this work, as the team's ownership is firmly committed to Oklahoma City. Right? What's that, the team has an opt-out clause in their lease? C'mon, that can't be true, can it?
The team can opt out of the arena lease, the food and beverage agreement and the practice facility lease at the end of six years and at one or more other undetermined point in time during the initial 15-year lease if the average of team ticket revenue for the preceding two years fall below 85% of a benchmark of average ticket revenues in the first two full seasons following completion of arena renovations.
Oh, yeah, that clause.
Tuesday, June 23
Where you been, Vin?
As if Pete's story about Tom Chambers' "cock" problems weren't weird enough, Jessica from Greenstreet writes about yet another failed Vin Baker comeback:
Hmmm, this sounds familiar, eh?It has been five years since the Vin Baker saga ended in Boston. Now the 37-year-old is trying to restart his basketball career in South America.
According to several reports, Baker has signed with the Marinos de Anzoátegui of the LPB (Liga Profesional de Baloncesto) in Venezuela. However it is unclear how much the 6-11 forward will play. The Marinos are already competing in their postseason and Baker is not listed on the roster on their official website.
China?! What would could poor Vin to cross the globe just to continue a failed baskeball career? Vanity? A love of the game?This isn’t the first time Baker has attempted a comeback. His NBA career ended six games into the 2006-2007 season when he was released by the Minnesota Timberwolves. He was arrested seven months later for drunk driving in June of 2007. Baker tried to resurrect his career in late 2008 with Liaoning Hunters in China. He was cut after just two days for poor conditioning.
Oh, yeah. That.Marca.com reported Baker has “serious economic problems.” His former home in Durham, Connecticut was foreclosed last year.
(Read the whole article at Green Street. Thanks to Jessica for the tip!)
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