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DETROIT COUNCIL APPROVES SPENDING FOR NEW TIGER STADIUM
Published December 5, 1995
Detroit's City Council gave approval Monday for $40M in public spending for development of a new $235M Tiger Stadium in the Fox Theatre district, according to this morning's DETROIT NEWS. The 7-2 approval "paved the way" for the city's Downtown Development Agency to sell $40M in bonds for the project. The state will contribute $55M, with the remaining $140M coming from Tigers Owner Mike Ilitch. Opponents of the city's spending noted that in '92, Detroit voters refused a referendum to use public funds for a new stadium. Two obstacles remain: The team is still putting together a financing package for their contribution, and the "Tiger Stadium Fan Club" has filed suit against the state, arguing that it cannot legally contribute the $55M without legislative approval (Valarie Basheda, DETROIT NEWS, 12/5).