AEG Seeks Extension On L.A. Stadium Project Patterson: Taxpayers Should Help With New UT Arena Stanford Teams With AT&T, Sporting Innovations Facility Notes Angels End Lease Talks With Anaheim Barclays Center Not Yet Fit For Islanders Games Red Wings Break Ground On Arena Project Colorado State Stadium Falling Short Ole Miss, Mississippi State Upgrading Facilities Facility Notes
Upcoming Conferences and Events
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).