Louisville Begins Fundraising For Stadium Remodel Columbus Asks State For Funds For Browns Facility MLS Eyeing St. Louis Site For Possible Expansion Team Glendale Selects AEG To Manage Gila River Arena MLSE's Vision For BMO Field Nearly Complete Florida Stadiums Clear Hurdle For Tax Relief Wisconsin Mulls Camp Randall Renovations Construction For Hayward Field May Be Delayed Kansas Planning New Apartments For Student-Athletes Renovations To Philips Arena Could Cost Public $150M
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).