Labatt Inks Five-Year Deal At Little Caesars Arena Chargers Move Training Camp To Costa Mesa, Calif. San Diego State Unveils Football Stadium Plan Bills Purchase Property To Construct Practice Field Pawtucket Mayor Wants PawSox Ballpark Decision Made Jazz Upgrading Plastic Seats At Arena CSU AD Gives First Look At Football Stadium Donors Concerned About Georgia's Facility Planning Cubs Say Latest Wrigley Renovations On Schedule Facility Notes
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).