Cavs "Quietly" Sought County Funds For Arena Bettman: Flames Need New Arena Marquette, Bucks Partner On Athletics Center Gillette Stadium Adds Cross Insurance Pavilion NBA Extends Rights With China's Tencent 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
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NUGGETS-CITY OF DENVER ANNOUNCE AGREEMENT
Published January 13, 1995
The Nuggets announced an agreement with the city of Denver yesterday to build a "privately financed $132 million state-of- the-art downtown arena." Construction is scheduled to begin in May so that the arena will be finished in time for the start of the '97-'98 NBA season. It will be located about five minutes from the Nuggets current home, McNichols Arena. As part of the plan, COMSAT Corp., owner of the Nuggets, will build a $20M TV and film production studio next to the arena in partnership with Denver-based TCI. The deal is pending approval from Denver City Council and COMSAT's board of directors (Thomas Heath, WASHINGTON POST, 1/13).