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Florida Panthers Say They Need More Public Funds

from Brittany Wallman of the Sun Sentinel,

The Florida Panthers professional hockey team says it's losing more than $20 million a year and needs more public funds to survive.

The struggling team is asking for a rewrite of its contract with Broward county. Under the team's proposal, the county would use additional tourism taxes to pick up $70 million in BB&T Center costs currently being paid by the Panthers. The team also hopes to develop 22 acres north of the BB&T arena in Sunrise into a casino-hotel, if the state Legislature enacts laws that allow it this spring.

Panthers President Michael Yormark said the deal that birthed the arena in the late 1990s has proven unsustainable.

"I think the community wants a healthy arena,'' Yormark said. "They want a healthy sports team. They want the benefit that a professional sports team and world-class entertainment brings to their community.''

continued

Filed in: NHL Teams, Florida Panthers, | KK Hockey | Permalink
 

Comments

Hank1974's avatar

Isn’t selling more tickets kind of like getting public funds?
Oh wait, nobody cares about anything non-football related in South Beach.

Just move the team to Seattle or Q.C. already.

Posted by Hank1974 on 01/10/14 at 01:43 PM ET

SYF's avatar

Yeah, that’s gonna go over real well.

Posted by SYF from Alana Blanchard's Bikinis and Surfboards on 01/10/14 at 01:57 PM ET

Primis's avatar

I hate the idea of relocating teams in general but yeah, Miami has been a wreck.  Just give it up already and move the team.  The franchise is incredibly-embarrassing.  Tampa works because of snowbirds I guess, but Miami doesn’t have those.

In fact, more than the Coyotes even, Seattle would be a perfect fit, and also restore the 15-15 balance of the league.  Do it.  Seattle truly can’t do worse than Miami has.

Posted by Primis on 01/10/14 at 01:58 PM ET

Hank1974's avatar

Seattle truly can’t do worse than Miami has.

I think Albuquerque N.M. couldn’t be any less a disaster than Miami has been.

Posted by Hank1974 on 01/10/14 at 02:00 PM ET

Vladimir16's avatar

Nice work, Gary.

Posted by Vladimir16 from Grand River Valley on 01/10/14 at 02:22 PM ET

TreKronor's avatar

Under the team’s proposal, the county would use additional tourism taxes to pick up $70 million in BB&T Center costs currently being paid by the Panthers.

Because the Panthers bring tourists to the arena???  They can’t even get their own fans to show up.

Panthers President Michael Yormark said the deal that birthed the arena in the late 1990s has proven unsustainable.

No.  Not at all.  It’s your hockey team which has been unsustainable.

Posted by TreKronor on 01/10/14 at 02:23 PM ET

SYF's avatar

Panthers President Michael Yormark said the deal that birthed the arena in the late 1990s has proven unsustainable.

What a delusional prick.

Posted by SYF from Alana Blanchard's Bikinis and Surfboards on 01/10/14 at 02:40 PM ET

wolverine's avatar

From Yormark:

“THEY want a healthy sports team. THEY want the benefit that a professional sports team and world-class entertainment brings to THEIR community.’‘

Translation:  “WE want the money from the taxpaying public to fund OUR ineptitude.”

Posted by wolverine on 01/10/14 at 04:57 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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