NYC FC Close To Deal For Bronx Soccer Stadium Red Sox Look To Expand Alcohol Sales Nashville Approves Ballpark For Triple-A Sounds IU Weighing Assembly Hall Upgrades Facility Notes Braves Make Pitch To Developers For New Ballpark Vikings Concede In Fight Against Wells Fargo Signage NBA Kings Shopping Arena Naming Rights Rooftop Signs Are Sticking Point In Vikings Project 'Dega To Remove Allison Grandstand
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).