Broncos In Talks With Naming-Rights Partners Facility Notes Learfield Buys Signage Company GoVision Vikings' HQ Complex To Cost $80-90M IMS Building Small Dirt Track For Retiring Stewart Padres HOF Opens Friday Without Selig Name Levi's Stadium Gets Safety Designation Facility Notes Bills In No Rush On New Stadium Braves, Falcons Pitch New Stadiums At Same Time
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).