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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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