Arizona State To Build Student-Athlete Center Detroit Approves $450M For Arena Bonds Sacramento Republic FC Purchases Land For Stadium Braves' Naming-Rights Deal Worth $10M Annually Sources: NYC FC Eyes Aqueduct Area Mickelson To Design Calgary Golf Course Facility Notes SunTrust Buys Braves Ballpark Naming Rights Red Wings To Unveil Latest Drawings Of New Arena NFL Supports Commission Of HOF Village
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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).