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D.C. COUNCIL GIVES OK TO AGREEMENT FOR DOWNTOWN ARENA
Published February 8, 1995
The DC council voted unanimously yesterday to approve an agreement between Bullets/Capitals owner Abe Pollin and Mayor Marion Barry to build a downtown arena. The vote came after Pollin refused to conditions that would require him to generate more money for the city. Pollin has agreed to pay $180M for the construction of the facility, while DC will pay an estimated $50M for site preparation, including land sale. The Council's Committee on Economic Development recommended that Pollin's teams be required to play all pre-and post-season games at the facility, be responsible for filling 290 days of events, and arena concessionaires to pay a real estate tax. But Pollin's objections, and the fact MD "still is pushing him to keep his teams in Prince George's County -- prompted the council to back down" (Michael Fletcher, WASHINGTON POST, 2/8).