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COMSAT STILL COMMITTED TO DOWNTOWN DENVER, BUT ...
Published October 18, 1995
Gary Hunter, Exec VP for the Nuggets and Avalanche, told a group of general contractors yesterday that Comsat Corp., owner of the two teams, is committed to building a new arena in downtown Denver, according to this morning's DENVER POST. But Hunter "left the door" open for a move to the suburbs if "certain economic components don't fall into place" for the proposed Pepsi Center. Comsat's "tentative" deal to build the Pepsi Center on property owned by billionaire Philip Anschutz "fizzled miserably last month." Anschutz has since purchased the L.A. Kings. Hunter: "Despite reports in the media, we had foreseen potential conflicts of interest down the road with Philip and his interest in the Kings." If Comsat finds a site in the next few months, Hunter said to expect a groundbreaking next July or August with an opening in '98 (DENVER POST, 10/18).