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LOTTERY FUNDS NEEDED FOR RAVENS STADIUM NEVER MORE?
Published January 22, 1998
The MD Stadium Authority (MSA), which is building a $220M stadium for the Ravens next to Oriole Park at Camden Yards, "may not need as much money as it thought," according to Jon Morgan of the Baltimore SUN. The MSA is "consuming" $32M a year in lottery funds, and the "financial plan has always assumed a gradual reduction in the need for lottery money." MSA Exec Dir Bruce Hoffman said that "reduction is now projected to begin in fiscal year 2000 and possibly reach zero as soon as 2013." Morgan writes that projected revenues "are stronger than expected from parking, party rentals at the stadiums, rental of office space in the warehouse adjacent to Oriole Park, and of the baseball museum scheduled to be built at Camden Station" (SUN, 1/22).