Facilities Venues

HE WON'T KARP ON THIS ANY LONGER: MALL DEAL NOT TIED TO SOX

2.26.1999

          MA developer Stephen Karp agreed yesterday to "sell off
     a big chunk of his mall operations" to Simon Property Group
     for $1.725B, according to Chris Reidy of the BOSTON GLOBE. 
     Reidy notes that there "has been speculation" that Karp was
     "looking to cash out his mall empire so he could help" the
     Red Sox build a new ballpark.  But Karp "dismissed such
     talks."  Karp: "There's really nothing to say.  I haven't
     had any recent conversations with them.  It's not the reason
     for the transaction" (BOSTON GLOBE, 2/26).

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