ISC Board Approves Daytona Upgrades Canadian Tire Signs Senators' Naming Rights Falcons' Stadium Design Concept Approved Jazz Unveil Plans For New Videoboards Wolff: Sewage Issue Won't Push S.J. Talks 49ers, Yahoo Ink Social Media Deal Populous To Design New Las Vegas Arena IMG Academy Expansion Plans Ongoing O.co Coliseum Suffers Sewage Backups Heat In Talks To Rework Arena Lease
Upcoming Conferences and Events
SBD/30/Facilities Venues
ILITCH'S FOXTOWN PLANS FOR HIS TIGERS, DO- DA, DO-DA
Published March 30, 1995
After the strike ends, talk of a new downtown baseball stadium in Detroit will "be renewed, only this time there figures to be more than debate," according to the DETROIT NEWS' Lynn Henning. Henning writes there is likely "to be action" on the proposed $270M Foxtown ballpark, as Tigers Owner Mike Ilitch plans to back a 30-year, $200M-plus bond sale. In addition, Henning says stadium plans will move forward because of broad bipartisan support and leadership from the State House, something that "had been lacking" in earlier talks. Although some state assistance will be needed -- including gaming revenue from a proposed casino --the "bulk of a new Foxtown stadium will be Ilitch's responsibility." Ilitch will have to finance close to $8M a year to satisfy the bond -- money which would be raised by a ticket surcharge, luxury seating, and advertising. And he would lease, not own, the stadium. Henning predicts "no participation on the part" of the Lions, which is "just the way the Tigers want it" (DETROIT NEWS, 3/29).




