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  • PANEL SET TO CONVINCE STATE LAWMAKERS MEGAPLEX IS FEASIBLE

         The special convention center commission working on
    financing for Boston's megaplex began presenting their findings
    to state officials yesterday according to this morning's BOSTON
    HERALD.  Briefing House Speaker Charles Flaherty, Senate
    President William Bulger and Gov. William Weld, the commission is
    hoping to convince the lawmakers their financing plan is "real
    and viable" (Phil Primack, BOSTON HERALD, 6/1).  Today's
    recommendations "will be supported" by a plan to secure $2 of
    private investment for each $1 required in annual public debt
    payments.  The building of the megaplex hinges on two conditions:
    adequate financing and that the project not adversely effect its
    South Boston location.  The Committee thinks the financing is
    there, but South Boston reaction is still unclear.  The financing
    will count heavily on corporate investors and a number of fees,
    including a hotel fee.  Weld is to meet with top officials of
    ITT/Sheraton later this week to discuss a possible investment
    (Meg Vaillancourt, BOSTON GLOBE, 6/1).
    

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  • TWINS VETO PROPOSED REMODELING EFFORTS FOR THE METRODOME

         The Twins have asked the Metropolitan Sports Facilities
    Commission (MSFC) to "stop" any Metrodome remodeling efforts
    until "the future of our tenancy is determined," according to the
    Minneapolis STAR-TRIBUNE.  Twins Operations VP Matt Hoy:  "Until
    the bigger issues or challenges facing the Twins organization are
    addressed, we're not in support of this project."  MSFC was
    planning to construct a $3.6M outdoor plaza, the initial phase of
    a "wide-ranging" improvement.  The Twins want MSFC to address
    such issues as adding more seats.  MSFC Exec Dir Bill Lester said
    the commission does not need the Twins' permission and will vote
    on the issue as early as June 21.  Even though the Twins pay no
    rent at the Metrodome, Twins President Jerry Bell has begun
    exploring other stadium possibilities as the team can exercise an
    escape clause after the '98 season (Jay Weiner, Minneapolis STAR-
    TRIBUNE, 6/1).
    

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