Quicken Loans Arena Gets Renovation Approval Calgary Continues To Explore Flames Arena Project USC Rolls Out L.A. Coliseum Upgrade Plans Verizon Improving Wireless At The Brickyard Hornets Expanding Team Store At Arena SoccerCity Petition Gets 100,000 Signatures Braves' First SunTrust Park Homestand Goes Smoothly Bettman: Isles Submitting Belmont Park Arena Plan Tom Brady's Relationship With Charity Examined Barclays Center Becoming Top Boxing Destination
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Published March 18, 1998
The Tigers officially announced a deal with Tokyo-based Sumitomo Bank to finance their new ballpark. Sumitomo will fully underwrite the $145M transaction (Tigers). The Tigers "pledged control of" the new stadium and the projected revenues it will generate as collateral to secure the loan from Sumitomo (DETROIT FREE PRESS, 3/18)....MA House Speaker Thomas Finneran yesterday said that he "opposed a Senate plan to help" the Patriots build a new stadium in Foxboro "unless the state received part ownership of the stadium, related commercial development, or the team itself." Finneran: "[T]here's not a great deal of support or sentiment in the House for the gift of $20 million in exchange for a piece of land that we're not then able to use for '99 years" (BOSTON GLOBE, 3/18).