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PRIVATE FINANCING SECURED FOR DISTRICT'S MCI CENTER
Published September 14, 1995
Bullets/Caps Owner Abe Pollin yesterday released a statement saying the private financing for DC's new downtown arena, MCI Center, has been secured. The release notes financial papers have been delivered to DC's Redevelopment Land Agency, including a "firm" commitment letter from NationsBank, a letter to DC Mayor Marion Barry from NationsBank on the funding, a letter to Barry from MCI outlining its financial commitment, and a memo describing sources and use of funds. Groundbreaking on construction of MCI Center is scheduled for October 18 (MCI Center).