SBD/24/Facilities Venues

HURRICANE WARNING: RALEIGH ARENA MAY BE BEHIND SCHEDULE

          The negotiations over the final agreement that will
     land the Hurricanes in their permanent home in Raleigh
     "could come to a close" today, with the team contributing
     $20M, according to Ned Glascock of the Raleigh NEWS &
     OBSERVER.  However, the "months" of talks "could come at a
     cost," as the $132M arena may end up being "months behind
     schedule."  Bob Ferguson, Exec VP of McDevitt Street Bovis,
     the construction management firm overseeing the project,
     said that instead of the scheduled opening in June of '99,
     the arena "might not be ready" until September of '99, which
     would be "just in time" for the Hurricanes opener and that
     of the NCSU basketball team (NEWS & OBSERVER, 10/24).

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