Cal Signs Field Naming-Rights Deal With Kabam CU Approves $143M Facilities Upgrade Plan Spotlight TMS, Ticketmaster Reach Deal Facility Notes Vikings Break Ground On New Stadium Rogers Inks Naming Rights For Edmonton Arena Tropicana Field Upgrade Plans Unveiled Tennis Center Renovations To Start In February Facility Notes Critics Assail Markham Arena Plan
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).