SBD/8/Facilities Venues

BULLETS AND CAPITALS OWNER POLLIN ANNOUNCES ARENA DEAL

     Bullets and Capitals Owner Abe Pollin announced yesterday
the new $175M arena to be built in downtown Washington will be
called the MCI Center.  The WASHINGTON POST's Ken Denlinger
writes that the advantage of moving to the MCI Center will be,
"more money.  Lots more money."  Pollin may also face a reversal
in attendance trends as the Bullets figure to increase their
attendance "significantly," while the Capitals could lose "quite
a bit" of their fan base in the move (WASHINGTON POST, 6/8).
While financial details were not disclosed, MCI said it will
spend "millions" on the new arena, while NationsBank will be the
primary lender, according to Lorraine Woellert of the WASHINGTON
TIMES.  Ticket proceeds will pay off debt serrvice while MCI will
get no equity in the center or Pollin's teams (WASHINGTON TIMES,
6/8).
     INTERACTIVE ARENA:  Michael Fletcher and Maryann Haggerty
report that the MCI Center will be a "showcase" for cutting-edge
technology allowing fans to participate in everything from
choosing particular replays to contributing to crowd surveys.
The arena will likely have such "innovations" as seat-back
monitors that will enable fans to call up instant replays from
different angles, and the on-line ability to allow fans to vote
for game MVPs or ask game-related questions.  Pollin: "MCI Center
will be the most unique arena in the world in terms of advanced
technology."  While MCI's investment in the MCI Center is small
compared with their $2B investment in Rupert Murdoch's News
Corp., MCI CEO & Chair Bert Roberts said this move solidifies MCI
diversification "into entertainment" (WASHINGTON POST, 6/8).  The
seating capacity for the arena is expected to be 20,000, with 110
suites and 3,000 club seats.  Groundbreaking is scheduled for the
fall of '95 with an estimated completion in the fall of '97 (MCI
Center).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug