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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).