SBD/24/Facilities Venues

FACILITY NOTES

          The Stade de France, the new sports stadium in Paris
     built for the World Cup, will issue an asset-backed bond to
     refinance part of its $434M construction costs.  The bond
     will be "secured against the takings on future gate
     receipts" (FINANCIAL TIMES, 6/23)....In Cincinnati, Skyline
     Chili is looking to encourage Cincinnati-area companies to
     raise $3M in '99 to help fund a Reds museum that would be
     "built in the new stadium" (CINCINNATI POST, 6/23)....In
     Raleigh, a NEWS & OBSERVER editorial called on all future
     meetings between the Hurricanes and the local governing
     authority on cost overruns at the new arena to be held in
     public.  The team is asking for certain concessions in
     exchange for covering cost overruns and the editorial
     stated, "Let the building's major investors, the people of
     this region and state, see just what the team is demanding"
     (Raleigh NEWS & OBSERVER, 6/23)....Nationwide Realty
     Investors and partners are "considering" $30-40M in
     development adjacent to the new Nationwide Arena, currently
     under construction in Columbus (COLUMBUS DISPATCH, 6/23).

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