Wilfs Appear To Lead Race For MLS In Minneapolis Butler To Debut Hinkle Fieldhouse Upgrades College Facility Notes NBA Kings Begin Arena Construction Second Vegas Arena Eyes NBA Team Churchill Downs Adding VIP Area For Owners EverBank Field Adds On New Seats For UF-UGA Cowboys, Omni To Build Hotel At Team's New HQ Facility Notes Global Spectrum, Sears Centre Extend Deal
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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).