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Published October 8, 1996
In Cleveland, a breakfast presentation for a few hundred business executives today "will kick off" loge sales for the proposed 72,000-seat lakefront stadium. Club seat sales will start in about a month. By January 31, the city must have lease agreements for loges and club seats worth $9.4M a year, with at least $3M from club seats. The average leases must be eight years for loges and seven years for club seats (Cleveland PLAIN-DEALER 10/6)...In Boston, Kevin Paul DuPont notes "word around" Boston is that two parties are "seriously interested" in knocking down the Garden and developing the site into retail, office and apartment space. Another "rumor" has Delaware North "contemplating" shifting its headquarters to Boston (BOSTON GLOBE, 10/6)....Tigers and Little Ceasars Enterprises Inc. owner Michael Ilitch said he remains "committed" to raising his $145M share of private financing for a new, $240M ballpark and that financing would be "of a traditional nature". Ilitch said there are "no plans" to pledge the assets of Little Ceasars as collateral on a loan (CRAIN'S DETROIT BUSINESS, 9/30).