SBD/24/Facilities Venues

RAVENS: WE'LL ALWAYS HAVE PARRIS, ON OUR SIDE OF THE STADIUM

          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).

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