Syracuse University considering moving to a new sports arena
Mon, 13 Jan 2014 23:53:18 GMT —
In an interview with CNYCentral on Monday, new Syracuse University Chancellor Kent Syverud said the Dome's future is being considered along with other options for a sports venue.
"That could well be improving and renovating the carrier dome, that could be the university could be a tenant in a stadium somebody else builds. But what ever it is, it has to be consistent with our history and the incredible number of people who have worked hard to make the Carrier Dome successful," said Syverud.
Over the weekend the Syracuse Post Standard reported that SU, Onondaga County Executive Joanie Mahoney and Governor Andrew Cuomo are rumored to be considering a new sports venue in Syracuse, possibly on state owned land off Fayette Street.
The governor's office did not respond to questions about a new arena on Monday. Onondaga County Comptroller Bob Antonacci says he has not been involved in any conversations or heard of any plans - but warned public/private stadium deals can be tricky since only one entity can official own it.
"If you own the stadium, you want to be able to control it, you want to be able to control the revenue so you can pay off your bonds. I'm sure this isn't going to be an all cash deal, there's going to be some bonds out there," said Antonacci.
Antonacci says a new stadium could provide sales tax revenue but it is unlikely county taxpayers would be responsible for the bill.
"I can't imagine that the county at this point in time would have significant amount of reserves and or bonding to push through a six, seven hundred million retractable roof stadium," said Antonacci.