Crandon Park Tennis Center Expansions In Doubt Mizzou Unveils Arena Renovation Project 49ers-Backed Tech Startup Looks For New Business Facility Notes Ravens Fans Begin Exchanging Rice Jerseys Arizona State To Build Student-Athlete Center Detroit Approves $450M For Arena Bonds Sacramento Republic FC Purchases Land For Stadium Braves' Naming-Rights Deal Worth $10M Annually Sources: NYC FC Eyes Aqueduct Area
Upcoming Conferences and Events
RAVENS: WE'LL ALWAYS HAVE PARRIS, ON OUR SIDE OF THE STADIUM
Published June 24, 1998
The administration of MD Gov. Parris Glendening "defended its optimistic predictions about the economic benefits" of the Ravens' new stadium, disputing a recent "legislative report that says the projections are exaggerated," according to Charles Babington of the WASHINGTON POST. Acting Secretary of the Department of Business & Economic Development James Fielder said that the legislative report "underestimates the ongoing economic and fiscal impacts of the proposed Baltimore stadium." Babington reports that the stadium's economic influence "has been a touchy political subject" since '96 when Glendening "fought hard" to gather support for publicly-financed $220M stadium. In assessing the economic impact, Babington reports that the two sides "differ" on the degree to which the stadium-related spending would occur elsewhere if the stadium didn't exist and on the size of the subsequent "multiplier effect" (WASHINGTON POST, 6/24).