GAO REPORT GIVES DC A NEW ESTIMATE OF ARENA COSTS
New figures, prepared by the GAO and presented yesterday at
a congressional hearing on DC's arena project, show the District
should expect to spend $56.3M to buy land and prepare a site for
the city's proposed downtown arena, according to the WASHINGTON
POST. The estimate, while slightly higher than the original
$53M, fits within DC's financing plan (Michael Fletcher,
WASHINGTON POST, 7/13).
TROUBLEMAKER: An editorial in today's WASHINGTON POST
faults BET Founder Robert Johnson for attempting to hold up
construction of the arena. The POST: "Unfortunately, Mr.
Johnson's interest in becoming a major sportsman is on a
collision course with the city's best chance to revive the heart
of downtown Washington" (WASHINGTON POST, 7/13).