St. Pete Denies Rays' Ballpark Search Deal Levine: Yankee Stadium Can House MLS, MLB Sabres Impressed With HarborCenter Facility Braves Add Land For New Ballpark Parking Rice Univ. Upgrading Football Stadium Facility Notes DC United Finalizes New Stadium Approval Redskins Nix Chinese-Built Wi-Fi System Deal NASL Team Owner Discusses MLS Plans Vinik Unveils Building Plan Near Amalie Arena
BOND PACKAGE APPROVED FOR DC DOWNTOWN ARENA PROJECT
Published August 18, 1995
The DC Redevelopment Land Agency (RLA) yesterday approved a bond underwriting package to finance the downtown sports arena, according to the WASHINGTON TIMES. Merrill Lynch, PaineWebber, and Pryor, McClendon, Counts & Co. will underwrite the $53M in costs the District "must bear" to help Caps/Bullets Owner Abe Pollin build the arena. RLA officials are now waiting for a letter of commitment from Pollin outlining his plans for financing the remainder of the project (Lorraine Woellert, WASHINGTON TIMES, 8/18).