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Published June 24, 1998
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).