Crandon Park Tennis Center Expansions In Doubt Mizzou Unveils Arena Renovation Project 49ers-Backed Tech Startup Looks For New Business Facility Notes Ravens Fans Begin Exchanging Rice Jerseys Arizona State To Build Student-Athlete Center Detroit Approves $450M For Arena Bonds Sacramento Republic FC Purchases Land For Stadium Braves' Naming-Rights Deal Worth $10M Annually Sources: NYC FC Eyes Aqueduct Area
Upcoming Conferences and Events
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).