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Arena Financing


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The press release regarding the bond sale, for me, is also instructive on the pace of fundraising. The Board of Trustees would not put the university on the hook for a loan of that magnitude unless they had already received significant commitments from donors for the medical research facility and the Biondi Dome.

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I spoke with a senior person at Albereci who told me that the current target is to complete the arena is to have it built in time for the 2005 season. He seemed confident that they would meet that timetable so it seems to me that the project is a "go"!

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