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D.C. COUNCIL LEARNS CITY'S OBLIGATION TOWARD ARENA PROJECT
Published January 26, 1995
D.C. council members met with city officials to discuss the city's financial obligation toward the proposed $180M arena Bullets/Capitals owner Abe Pollin wants to build in downtown Washington. After initial reports put the city's portion of the cost at $12.5M, the Council was told yesterday that up to $65M could be needed. The increase is due to the fact that DC "did not take into account" all of the expenses they agreed to cover. According to Robert Pohlman, the city's interim chief executive financial officer, the majority of the DC funding, $25M, will go towards the purchase of the arena site and surrounding land for development. About $19M will go towards relocating city workers that presently work in offices that will be demolished (Jeanne Dewey, WASHINGTON TIMES, 1/26).