SBD/2/Facilities Venues

WE'LL HAVE FUN, FUN, FUN IF CORESTATES TAKES ARENA NAME AWAY

          First Union Corp. shareholders approved the pending
     $16.6B purchase of CoreStates Financial Corp.  First Union
     said that 97% of the votes cast by its shareholders were in
     favor of the transaction, which should be completed in April
     (WALL STREET JOURNAL, 3/2).  First Union spokesperson Sandy
     Deem said that no final decision had been made on changing
     the name of Philadelphia's CoreStates Center, according to
     Tim Panaccio of the PHILADELPHIA INQUIRER.  One option being
     bandied about is the FUN Center.  Panaccio: "Deem says the
     company hasn't ruled out First Union Center as a name,
     despite the double entendre that could accompany the name." 
     CoreStates Complex CEO Peter Luukko confirmed talks with
     First Union on an arena name: "We explored the possibility
     of having First Union give up the name to Comcast.  But
     First Union said they wanted to retain successor rights to
     the arena's name" (PHILADELPHIA INQUIRER, 3/2). 

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