Authority Member Blasts Penguins Civic Arena Efforts Canucks Set To Debut Bar At Rogers Arena Indian Wells Renovation Nearing Completion Kentucky Gov. Discusses Yum! Center Plan Billboards Outside Nationals Park Pass First Vote Reebok Confirms Move Of HQ To Boston South Carolina Looking At Stadium Upgrades? Chargers Continue Exploring Stadium Options Louisville AD: School Unwelcome At Yum! Center Clock Ticking For Oakland On Raiders Deal
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).