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ATLANTA TAKES ON CREDIT AS EXPENSES OUTWEIGH REVENUE
Published January 27, 1995
ACOG President Billy Payne said ACOG has spent more than it has taken in, "forcing it to dip into its $200M line of credit provided by game sponsor NationsBank." A report in this morning's ATLANTA CONSTITUTION said ACOG has spent $356M on salaries, professional services, construction and other operational costs, and has raised $248.4M in revenues as of December '94. Payne said he is "confident" AGOG will meet its $1.58M revenue goal, largely through the sale of tickets. AGOG has borrowed $30M, but Payne said that figure was "much less than we anticipated" (Lyle Harris, ATLANTA CONSTITUTION, 1/27). A report in today's N.Y. TIMES reports on "crack in Atlanta's united front on Games," as two members of ACOG's say they "had not been informed enough about planning nor given an opportunity to vote on issues that affect the Games" (Jerry Schwartz, N.Y. TIMES, 1/27). SUPER SIGNS: The WALL STREET JOURNAL rexamines the 25 eight-story billboads -- the "Godzilla of all signs" (Robert Frank, WALL STREET JOURNAL, 1/27).