Braves Make Pitch To Developers For New Ballpark Vikings Concede In Fight Against Wells Fargo Signage NBA Kings Shopping Arena Naming Rights Rooftop Signs Are Sticking Point In Vikings Project 'Dega To Remove Allison Grandstand Churchill Downs Struggles During Fall Meet Wrigley Could Be Allowed To Push Back Wall Ratner Wants Only Entertainment At Coliseum Hub Facility Notes Cal Signs Field Naming-Rights Deal With Kabam
PANEL SET TO CONVINCE STATE LAWMAKERS MEGAPLEX IS FEASIBLE
Published June 1, 1995
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).