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Mayor Fahey, David Sokol Sign Memorandum of Understanding |
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(OMAHA, Neb. – February 28, 2008) Omaha Mayor Mike Fahey and David Sokol, chairman of the Metropolitan
Entertainment and Convention Authority (MECA), have signed a Memorandum of
Understanding to “work collaboratively and in good faith” to deal with issues
surrounding the location of a proposed new baseball stadium on Qwest Center
parking lots C & E. According to the Memorandum, “the City of Omaha agrees that it will
not litigate with MECA in an attempt to force MECA to relinquish Qwest Center
Lots C & E for a new CWS Inc. stadium.”
The Memorandum further states that , “MECA will be the
manager and operator of a new stadium on Qwest Center Lots C & E under
contractual arrangements, in principle, the same as those under which MECA operates
and manages the Qwest
Center under a 99 year
lease. All agree that there are unique aspects to the stadium project which
will need to be accounted for in connection with the management arrangement.
Among other things, these include revenue allocations necessary for financing
of the project and provisions relating to the CWS event and related contractual
provisions between College World Series of Omaha, Inc., the NCAA, Creighton
University and the Omaha Royals.”
"MECA's involvement is
something I've worked towards all along,” Mayor Fahey announced. “Working
together, we will continue to move forward on this important project for the
city of Omaha
and our future with the NCAA College World Series."
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