The Stade de France, the new sports stadium in Paris
built for the World Cup, will issue an asset-backed bond to
refinance part of its $434M construction costs. The bond
will be "secured against the takings on future gate
receipts" (FINANCIAL TIMES, 6/23)....In Cincinnati, Skyline
Chili is looking to encourage Cincinnati-area companies to
raise $3M in '99 to help fund a Reds museum that would be
"built in the new stadium" (CINCINNATI POST, 6/23)....In
Raleigh, a NEWS & OBSERVER editorial called on all future
meetings between the Hurricanes and the local governing
authority on cost overruns at the new arena to be held in
public. The team is asking for certain concessions in
exchange for covering cost overruns and the editorial
stated, "Let the building's major investors, the people of
this region and state, see just what the team is demanding"
(Raleigh NEWS & OBSERVER, 6/23)....Nationwide Realty
Investors and partners are "considering" $30-40M in
development adjacent to the new Nationwide Arena, currently
under construction in Columbus (COLUMBUS DISPATCH, 6/23).
