Adelson Ready To Walk Away From Raiders Plan Developers Exploring Arena Near Scottsdale Facility Notes Hansen Group Offers To Fund Seattle Arena Privately Chargers Have L.A. Options If Ballot Measure Fails Yankee Stadium Adding Social Gathering Areas Plans Revealed For Phase II Of Ballpark Village Sources: Fortress Backing Lott-Raiders Group Facility Notes San Diego Voters Still Skeptical Of Stadium
GAO REPORT GIVES DC A NEW ESTIMATE OF ARENA COSTS
Published July 14, 1995
New figures, prepared by the GAO and presented yesterday at a congressional hearing on DC's arena project, show the District should expect to spend $56.3M to buy land and prepare a site for the city's proposed downtown arena, according to the WASHINGTON POST. The estimate, while slightly higher than the original $53M, fits within DC's financing plan (Michael Fletcher, WASHINGTON POST, 7/13). TROUBLEMAKER: An editorial in today's WASHINGTON POST faults BET Founder Robert Johnson for attempting to hold up construction of the arena. The POST: "Unfortunately, Mr. Johnson's interest in becoming a major sportsman is on a collision course with the city's best chance to revive the heart of downtown Washington" (WASHINGTON POST, 7/13).