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Thursday, March 15, 2001
Deadline approaching for Grizzlies relocation
Associated Press
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NEW ORLEANS – New Orleans plans to send its best proposal
to the Vancouver Grizzlies on Friday outlining what the city has to
offer the NBA team, which is looking for a new home.
"It's looking like a really good proposal," said Bill Hines,
chairman of the regional economic development group known as
Metrovision.
Grizzlies owner Michael Heisley has a March 26 deadline from the
NBA to apply for relocation if he plans to move the team before the
2001-2002 season.
Hines said the package likely will include relocation expenses,
the value of television broadcast rights, the probable location of
a practice facility and the results of a campaign to sell season
tickets.
The package also might include a list of eight to 10 area
businessmen with the ability and willingness to buy a minority
share of the team, Hines said.
Heisley, who is based in Chicago, has said he would like to have
partners because he would be an absentee owner. Hines would not
reveal the list of possible investors.
Hines also said the ticket campaign has a commitment for 10,000
season tickets and the 44 luxury suites at the New Orleans Arena
are spoken for.
Heisley also has visited Anaheim, Calif., and is expected to
visit Memphis and Louisville this week.
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