NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium Hillsborough County Hires Firm With MLB Ties NHL Jets' Downtown Development On Hold? Rams Convert To Annual Tenant At Jones Dome Packers Buy More Land For Development
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BET PRESIDENT JOHNSON WILL NOT GO AWAY IN DC ARENA DEAL
Published December 9, 1994
A day after Bullets/Caps Owner Abe Pollin's proposal for a new downtown arena in DC "cleared an important hurdle," Bob Johnson, president of Black Entertainment Television, reiterated his plan to build the arena with his own funds and try to buy a share of the teams from Pollin. Johnson will now take his fight to Congress which must approve the project and funding. He has hired Republican lobbyist Tom Korologos to "press his case with the incoming GOP leadership." Johnson has generated a letter with 17 signatures from GOP Senators who will not support using city bonds when a private investor is ready to "assume the risk." Johnson: "Am I going away? I go away when the process is complete" (Howard Schneider, WASHINGTON POST, 12/9).