NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium Hillsborough County Hires Firm With MLB Ties NHL Jets' Downtown Development On Hold? Rams Convert To Annual Tenant At Jones Dome Packers Buy More Land For Development
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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).