Boston’s TD Garden to ante up $2.65M for not raising rec funds
Boston’s TD Garden has agreed to pay Massachusetts nearly $2 million after local teens discovered the arena failed to hold fundraisers benefiting state parks and recreational areas for years, despite a state law that mandated it to do so as part of building approvals.
The arena, which is home to the NBA’s Celtics and NHL’s Bruins, announced Thursday that it will pay $1.65 million to the state Department of Conservation and Recreation.
The agency, in turn, said it would kick in $1 million and designate those funds to benefit a community athletic facility in Boston’s Jackson Square.
The students who uncovered the oversight had been seeking funding for a new hockey rink for their neighbourhood.
At a protest on Thursday at TD Garden, the students and their supporters criticized the retroactive payments as falling far short of the nearly $14 million they calculate the arena actually owes, based on penalties and interest over the years.
They held signs denouncing TD Garden owner Jeremy Jacobs and chanted: “Jeremy Jacobs you can’t hide, we’ve got justice on our side.”
A 1993 state law obligated TD Garden’s owners to host three fundraisers a year on behalf of the recreation agency in exchange for state approval to construct a new multimillions sports facility.
But arena owners and the state acknowledged in separate letters to the students that no fundraisers have ever been held.
They promised Thursday that they’re developing a plan to ensure the arena meets its legal obligations going forward.