Charlotte Considers MLS Stadium Plan Fresno State Plans Renovations For Stadium IU AD: Assembly Hall Project On Track Facility Notes Red Wings Form "Deconstructed Arena" Concept Several Venues Considered For Temporary NFL Stay Experts Scoff At Proposal For Raiders' Stadium Redskins Making Additions To Practice HQ Nissan-Titans Deal At Least $5M Annually Tribune Weighs In On Wrigley Renovations
RAPTORS LOOK TO BE A CONTENDER DOWN ON THE WATERFRONT
Published October 17, 1994
The Raptors are attempting to swing a deal to purchase six acres near the Toronto waterfront where the team hopes to build a proposed 22,500-seat arena. Several sources close to the team have confirmed that there have been negotiations with Canada Post Corp. and Marathon Realty, the owners of the six-acre lot, about acquiring the site. The site has recently been appraised by an independent firm as worth about $20M. But a concern of the Raptors is that the land is contaminated and will have to be cleaned before anything is built. Potential clean-up costs are estimated at $12M (Robert MacLeod, Toronto GLOBE & MAIL, 10/15).