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IN AND AROUND THE BELTWAY: BARRY GETS FINGERS IN ARENA PIE
Published August 22, 1995
Washington, DC's financial control board is reportedly upset with Mayor Marion Barry over a $47M plan to rent office space from a friend, saying "it is full of hidden costs and apparently violates city procurement laws." The leases are key since to the plan for a new downtown arena since the city needs to move about 720 office workers from two buildings on the arena site (Philip Pan, WASHINGTON POST, 8/20). The WASHINGTON BUSINESS JOURNAL reports that two DC street closings, required to construct the downtown arena, "could pose major problems to completing the project." The issue goes before the National Capital Planning Commission (WASHINGTON BUSINESS JOURNAL, 8/24). REDSKINS LAND: The POST examines the $72M in public funds necessary for Jack Kent Cooke's new Redskins Stadium in Prince George's County, MD. The money primarily will be used for infrastructure improvements. The consensus of economists surveyed by the POST: "If Cooke's assumptions bear out, and many of them are rational assumptions, the project would be a net financial gain for the public (Leonhardt & Gillis, WASHINGTON POST, 8/20).