March 26, 2004
Pittsburgh mulls private arena proposal
Pittsburgh-area elected officials have reportedly discussed with the private sports management consortium Sports Finance & Management Group a plan to build a no-frills $150 million arena for the Penguins using private money. While Penguins execs have griped that they'd need pricier digs, this would be about the same price paid by the Columbus Blue Jackets for their much-admired Nationwide Arena, which was 90% privately funded.
New York City Mayor Michael Bloomberg, who has proposed a $585 million subsidy to developer Bruce Ratner for a Nets arena, was not immediately available for comment.
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