Renderings Released For Raiders-Chargers Stadium STL Task Force Expects Stadium Plans By Fall Sonoma Drops Plans For Music Festival Tottenham Eyes Sharing Stadium With NFL Team Vikings Stadium To Feature Fantasy Club Space St. Louis Rep Optimistic After Stadium Presentation S.F. Law May Ban Tobacco At AT&T Park New Tech Changing Ballpark Designs K.C. Star Demands Aramark Fix Food Issues Carson OKs Chargers-Raiders Stadium Plan
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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).