First Data Lands Rights To Mets' Fla. Complex Orlando City Lacks Stadium Naming-Rights Partner Luminaries Honor Mike Ilitch At Private Ceremony San Diego Developer Proposing SoccerCity Alternative Virginia Tech AD Discusses Facility Upgrades Vail Resorts Acquires Vermont's Stowe Mountain Robert Kraft Profiled By "Real Sports" Bucks' New Video Board Goes Against NBA Grain Manfred Defends D-Backs' Chase Field Stance Blue Jays Debate Rogers Renovation Themes
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).