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  • KINGDOME REPAIRS APPROACH $50 MILLION

         King County officials confirmed yesterday that Kingdome
    emergency repairs could run as much as $15M over budget, which
    would bring the cost of the project up to $47.5M.  King County
    Exec Gary Locke said officials are considering a possible ticket
    tax or fee on Kingdome events to pay for the excess costs.
    Earlier this week, the county sued its insurance carrier on the
    Kingdome, Allendale Mutual Insurance, alleging the firm refused
    to acknowledge the county's damage claims (SEATTLE POST-
    INTELLIGENCER, 11/11).
    

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  • PROPOSAL FOR D.C. ARENA HITS SNAG

         The Washington DC Redevelopment Land Agency (RLA) has
    delayed its decision on the approval of a city arena.  The agency
    spent several hours Wednesday reviewing the arena deal struck
    between Bullets/Capitals Owner Abe Pollin and the National
    Capital Development Corporation (NCDC), a nonprofit consortium of
    District entrepreneurs who would oversee construction of the
    facility.  The RLA board decided it did not have enough
    information to recommend turning over city land to NCDC and
    agreed to reconvene December 1 to review a counter-proposal from
    BET President Robert Johnson.  Johnson has offered to guarantee
    repayment of arena bonds and eliminate the city's financial risk
    if Pollin would agree to sell him a share of the Bullets.  NCDC
    spokesperson Kwasi Holman predicted that the agency will approve
    of his group's deal with Pollin because it "makes such economic
    sense":  "We are going to make out deadlines and build this
    arena" (Howard Schneider, WASHINGTON POST, 11/11).
    

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  • RED SOX READY TO BID FENS ADIEU?

         Red Sox Exec VP John Buckley said yesterday that the Red Sox
    are willing to invest money in a coordinated plan that would tie
    together a downtown convention complex and a new baseball park.
    Buckley: "We've told every government official who has wanted to
    talk to us that we have to deal with the 82-year-old facility we
    have.  But we seem to end up on the backburner as something to be
    dealt with later."  Buckley said that the Red Sox have "all but
    ruled out rebuilding Fenway Park" because of prohibitive costs.
    Buckley added that the team was "disappointed" that last month's
    Boston Redevelopment Authority report on a new convention center
    and football stadium did not deal with the prospect of a baseball
    facility: "We are anxious to sit down as a developer/private
    investor to ensure baseball's future in the city of Boston, which
    should not be taken for granted."  In a related development,
    Patriots owner Robert Kraft said that he would be willing to
    discuss a downtown stadium proposal (Phil Primack, BOSTON HERALD,
    11/11).
    

    Print | Tags: Boston Red Sox, Facilities, New England Patriots
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