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  • REDSKINS' COOKE ABANDONS LAUREL SITE; POLLIN NOT BUDGING

         Redskins Owner Jack Kent Cooke last week decided to "give
    up" on plans to build a stadium at Laurel, MD (Jon Morgan,
    WASHINGTON TIMES, 5/27).  Cooke has now turned his sights on a
    proposed area in Prince George's County, MD, known as Wilson Farm
    -- a site that MD Gov. Parris Glendening said that he would
    "enthusiastically support" if local officials "overcome
    transportation and environmental concerns."  Glendening declined
    to discuss how much state aid might be needed to build roads for
    the proposed site, but sources said Cooke is seeking about $70M.
    Glendening also believes that officials "could resolve questions"
    concerning prehistoric fossils that have been found on the site
    (Charles Babington, WASHINGTON POST, 5/27).
         POLLIN THREATENS TO PULL OUT:  Capitals and Bullets Owner
    Abe Pollin says he will "abandon his plans" to build a downtown
    arena in DC if he is asked to move from Gallery Place or to alter
    the arena's design.  The U.S. Commission of Fine Arts recently
    issued a report suggesting that the arena be built elsewhere.
    Speaking with commercial real estate brokers recently, Pollin
    "forcefully rejected" that idea:  "I will not move this arena one
    inch.  If they want me to move it again, I'll move it out of the
    District" (Thomas Hall, WASHINGTON BUSINESS JOURNAL, 6/1 issue).
    

    Print | Tags: Facilities, Washington Capitals, Washington Redskins, Wilson Sporting Goods
  • STUDY SHOWS PUBLIC NOT HAPPY ABOUT TAX MONEY FOR MEGAPLEX

         A poll conducted by MA's Clark Univ. reveals that "by strong
    margins" voters oppose using tax dollars to pay for a Boston
    megaplex, with an even more "overwhelming majority" against
    public financing of sports stadiums, according to the BOSTON
    HERALD.  Of those polled, 53% agree that megaplex financing
    "should be completely in the hand of private investors with no
    help from the state government" (Phil Primack, BOSTON HERALD,
    5/30).  Paul Much, who is advising the megaplex commission, said
    the lease agreement negotiated with the Patriots is an
    "attractive deal" for the state.  In addition to his $5M annual
    payments to the state, Patriots Owner Robert Kraft has agreed to
    cover operating costs for the proposed domed stadium.  In his
    commission report, Much states that it is "highly unlikely" the
    facility can be built without state funding, and he suggests
    approaching corporate partners.  ITT is currently considering a
    $100M investment in the megaplex, and the state has also
    contacted AT&T, Fidelity Investments, General Electric, and
    Gillette (Meg Vaillancourt, BOSTON GLOBE, 5/27).  Gov. William
    Weld has even gone as far as to say he might "scuttle" the entire
    project if a statewide tax is part of the deal, according to
    Friday's BOSTON HERALD.  Weld:  "Anyone who is saying that Weld
    and [Lt. Gov. Paul] Cellucci have to break their no-new-taxes
    pledge is really saying 'We don't want this deal to go'" (Phil
    Primack, BOSTON HERALD, 5/26).
    

    Print | Tags: ATT, Facilities, New England Patriots
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