SAG Principal, David Abrams, while at a previous firm, served as financial advisor to the Tampa Bay Buccaneers in its negotiation with the Tampa Sports Authority for the licensing and funding of a new $125 million stadium.
Mr. Abrams prepared revenue forecasts and assisted in negotiating lease terms with the governmental entities involved in the project. The ability to provide data on a variety of different operating scenarios allowed the Buccaneers to negotiate their agreements with the TSA.. The TSA contributed the majority of the construction proceeds from the issuance of bonds secured primarily by a local sales tax approved in a referendum.
The stadium was completed in 1998.
Project Components: 65,800 seat NFL Stadium negotiations
Project Value: $125 million