The debt payments surged in 2009 after the downgrade of its bond insurer and then a bank's demand that the authority pay off, in five years, debt that had been due by 2030.
Sports Authority chairman J. Kent Friedman says it's a short-term "cash-flow crunch" and he's not concerned.
The authority must pay $12 million twice a year to cover payments on $125 million in variable rate bonds. This month's installment is the third of 10 inflated payments.
