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LAMAR'S HUNTING FOR INVESTORS IN NEW CREW STADIUM COMPLEX
Published May 21, 1998
MLS Crew Owner Lamar Hunt has "invited" the 22-member group of Columbus-area business leaders who control 45% of the team to help finance construction of the team's new $15- 17M stadium, according to Merx & Mark of the COLUMBUS DISPATCH. Hunt Sports Group, which owns 55% of the team, has "signed a guarantee" to cover the cost of the 22,500- seat facility. Crew Soccer Stadium Limited Liability Corp. is the private organization set up by Hunt that will "build, own and manage the facility." One local owner, George Jenkins, said that the area execs "haven't discussed collectively whether they will take Hunt up on the offer." Jenkins said that after a stadium site is finalized next week, Hunt Sports Group will "analyze financing needs" and bring a proposal to local investors. The OH Expositions Commission approved a lease arrangement with the team and will help select the site. The stadium will be designed by OH-based NBBJ, with ground-breaking set for July, with the opening scheduled for next April (COLUMBUS DISPATCH, 5/20).