Executive Transactions Herb Kohl Sells Bucks For $550M Rio Increases Budget For '16 Olympics Lexington Mayor Pushing Forward On Rupp Upgrades Judge Denies NFL Concussion Settlement Lakers RSN Ratings Reach New Low Nike, USATF Sign 23-Year Extension Names In The News Purdue Upgrading Ross-Ade Stadium Kohl Praised For Dedication To Milwaukee
The Atlanta Chamber of Commerce began its campaign to raise $10 million from local businesses for the $50 million Centennial Olympic Park. The Chamber has already received about $6 million in cash commitments from 15 companies, and Chamber President Gerald Bartels hopes to bring in even more than $10 million. Bartels: "This is the opportunity for companies who have been waiting to be asked to make a commitment but not at the level of major sponsorship." Dan Graveline, a leader of the park effort, said they have begun land acquisition which will cost about $31M, and F. Duane Ackermon, President of BellSouth Telecommunications and another leader of the park campaign, "hopes to bank all contributions by January to prevent a cash flow crunch" (Melissa Turner, ATLANTA CONSTITUTION, 11/9).
The Colorado Sports Council, local organizers for the U.S. Olympic Festival-'95, have signed on Sedona Springs Mountain Water as a gold patron and the Colorado Lottery as a Silver Patron for next summer's Festival in Boulder, Colorado Springs, and Denver. Sedona Springs will be the official water supplier for USOF-'95, and Colorado Lottery will be the official distributor of the ticket and event guide. Both will play a role in the Torch Run, which involves carrying the USOF-'95 torch through Colorado's communities across the state (USOF).