The Tigers officially announced a deal with Tokyo-based
Sumitomo Bank to finance their new ballpark. Sumitomo will
fully underwrite the $145M transaction (Tigers). The Tigers
"pledged control of" the new stadium and the projected
revenues it will generate as collateral to secure the loan
from Sumitomo (DETROIT FREE PRESS, 3/18)....MA House Speaker
Thomas Finneran yesterday said that he "opposed a Senate
plan to help" the Patriots build a new stadium in Foxboro
"unless the state received part ownership of the stadium,
related commercial development, or the team itself."
Finneran: "[T]here's not a great deal of support or
sentiment in the House for the gift of $20 million in
exchange for a piece of land that we're not then able to use
for '99 years" (BOSTON GLOBE, 3/18).