NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium Hillsborough County Hires Firm With MLB Ties NHL Jets' Downtown Development On Hold? Rams Convert To Annual Tenant At Jones Dome Packers Buy More Land For Development
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NEW DC ARENA WILL REPORTEDLY CARRY MCI'S NAME
Published June 5, 1995
Naming rights for Abe Pollin's new downtown arena in Washington, DC, will go to MCI Communications, according to the WASHINGTON POST. Pollin will reportedly announce the details at a press conference later this week. Sources familiar with the deal said that MCI "is likely to move beyond the standard naming- rights contract and provide a portion of the debt or equity that will finance the new arena" (Haggerty and Fletcher, WASHINGTON POST, 6/3). Although terms of the deal were not disclosed, early proposals to the city estimated the arena's naming rights could "draw up to $10 million up front" and another $1M a year (Lorraine Woellert, WASHINGTON TIMES, 6/3). SUITE SALES: In a related POST piece, Capital Sports Exec VP Wes Unseld said that all 12 of the $1M "founder's boxes" have been sold, and that sales of other boxes and luxury seats are "on schedule" (WASHINGTON POST, 6/3).