- 15 - Shortly after the Sales Contract was executed, Benson began lobbying the State Legislature to promote approval of the proposed lease inducements. The Mecom group also engaged a lobbyist for this purpose. Both parties were aware that Benson would be unable to acquire the Saints without first obtaining public sector support. Accordingly, both resolved to persuade the Legislature to approve the conditions set forth in the Sales Contract. Despite this collaborative effort, a resolution was introduced in the Louisiana House of Representatives on May 16, 1985, to impose a dollar limit on the total lease inducements to be provided by the State in the form of revenue derived from concessions, box suites, and parking. A similar resolution was introduced in the Louisiana Senate on May 22, 1985. Governor Edwards actively opposed both resolutions, and both were subsequently defeated. Dissatisfied with the progress of negotiations and in light of the recent legislative resolutions imposing a limit on total lease inducements, Benson's representatives, in cooperation with the Mecom Group, subsequently prepared a memorandum entitled "The Saints Legislative Program" and presented it to the State Legislature. Among other things, the document stressed that the pending expiration of the 1975 Lease effected a substantial increase in the fair market value of the team due to the team's ability to relocate to another State. These efforts provedPage: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
Last modified: May 25, 2011