Word: domes
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Dates: during 1970-1979
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...elliptically shaped main arena (known as a "squircle") can be switched from a football stadium that can seat 76,791 Super Bowl fans to a compact configuration for 20,000 basketball rooters. Automated bleachers move on rails from the east side of the dome toward the permanently anchored stands on the west side, while other stands move in from either end to surround the basketball court, bringing the closest seat to within 9 ft. of the action...
Last year the biggest-ever Lions International convention in the U.S. brought more than 40,000 people to the dome for five days. Even when it was not in use, guided tours of the megastructure packed in 200,000 visitors last year at $2.50 a head. The building's varied facilities lured 73,350 convention delegates to New Orleans...
...financial impact of the Superdome is felt far beyond its walls. The average Super Bowl patron will, by conservative estimate, spend $100 a day. The dome last year directly generated more than $2 million in tax revenues, plus an estimated $3 million from a 4% city hotel/motel tax that was levied to help pay for the behemoth. Thus while the building ran $5.5 million in the red. it brought in more than lagniappe to the local economy...
...indication of the Superdome's viability is that Abram Nicholas Pritzker agreed last July to take over management of the dome. A.N. Pritzker and his family are among the nation's biggest landowners. Their holdings in the Hyatt hotel chain (76 in the U.S., 24 abroad) are only part of their wealth. With an $80 million stake in the Hyatt across the street, the 82-year-old Pritzker created the Hyatt Management Corp. to run the building and installed as its president Denzil Skinner, 50, a crisp, urbane executive who had spent 19 years running public assembly areas...
...worst came in the 1920s, though, when post publisher Ned McLean was found to have lied to a Senate committee to help cover up a bribe that his friend, Secretary of the Interior Albert B. Fall, and accepted in the Teapot Dome scandal. From then on The Post went downhill, and McLean went bankrupt. The paper was sold at auction in 1933--and when none of its reporters even bothered to cover the sale, The Post ran an Associated Press account the next...