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Article: THE $58 MILLION QUESTION: WILL CHARLOTTE BUILD SHINN A NEW ARENA? GEORGE SHINN, THE MAN BEHIND THE HAMPTON ROADS' NHL EXPANSION EFFORTS, IS WAGING SERIOUS ARENA NEGOTIATIONS ON TWO FRONTS. IN NORFOLK, SHINN IS TRYING TO REACH AN AGREEMENT ON FINANCING FOR A NEW DOWNTOWN ARENA. IN CHARLOTTE, SHINN IS LOBBYING FOR A NEW DOWNTOWN ARENA FOR HIS NBA HORNETS TO REPLACE THE CHARLOTTE COLISEUM WHICH OPENED IN 1988.(SPORTS)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- January 2, 1997
- Author:
CopyrightCOPYRIGHT 1997 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DAN CHAPMAN AND AMES ALEXANDER, CHARLOTTE OBSERVER
CHARLOTTE -- $58 million.
That's what Charlotte taxpayers are being asked to contribute to make a downtown Charlotte arena and entertainment district come true.
``Where'd they come up with that $58 million?'' wondered C.C. Cameron, who chairs a committee helping Charlotte City Council members weigh arena-financing proposals. ``That's one of the things we're going to learn.''
In extensive interviews the past few weeks with NationsBank executives, city officials and others, and after analyzing various financial proposals, a clearer picture emerges of how uptown backers came up ...