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IS NEW STADIUM IN PHILADELPHIA A TRICK OR A TREAT?
Published October 31, 1997
Philadelphia Mayor Ed Rendell said yesterday that he "prefers a Center City location" for any new sports facility, but is "concerned that costs may be prohibitive," according to Marder & Gorenstein of the PHILADELPHIA INQUIRER. Rendell's announcement came as the City Council announced plans to organize a "series of public hearings on what kind of stadium is needed and where it would go." Rendell: "If a downtown stadium ... adds $80 million to the cost of the project ... then, folks, it ain't gonna be downtown." The Mayor also said that he would agree to a South Philadelphia site "only if plans included shops, restaurants, and possibly an NFL Hall Of Fame," and added that discussion of a stadium location was "premature" until the state decided how much money it will contribute to the cost, estimated to be more than $200M (PHILADELPHIA INQUIRER, 10/31). An Arthur Andersen study showed that a ballpark built anywhere in or near Center City would have an $416M annual economic impact on the city, while a park in South Philadelphia would generate $341M in annual revenue (PHILA. DAILY NEWS, 10/31).