Quicken Loans Arena Gets Renovation Approval Calgary Continues To Explore Flames Arena Project USC Rolls Out L.A. Coliseum Upgrade Plans Verizon Improving Wireless At The Brickyard Hornets Expanding Team Store At Arena SoccerCity Petition Gets 100,000 Signatures Braves' First SunTrust Park Homestand Goes Smoothly Bettman: Isles Submitting Belmont Park Arena Plan Barclays Center Becoming Top Boxing Destination Charlotte Motor Speedway Adds Sun Deck To Turn 4
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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).