|
Updated: 7:40 PM Jan 13, 2009
Lincoln Arena Vote On Hold
Economy delays financing The current economic crunch is putting a dent in plans for a new arena in Lincoln. A vote on the project scheduled for this spring will be delayed.
Posted: 3:52 PM Jan 13, 2009Reporter: WOWT Email Address: sixonline@wowt.com |
|
6 Comments 
The current economic crunch is putting a dent in plans for a new arena in Lincoln. A vote on the project scheduled for this spring will be delayed.
Mayor Chris Beutler said Tuesday the group that wishes to provide much of the financing is hesitant to move forward at this time.
"We do not want to jeopardize the faith of the Lincoln residents by putting forward a package that does not adequately answer the question of arena financing. A delay allows us to more clearly answer this question."
Beutler said the economy's impact on Lincoln workers and the city budget also contributed to the delay.
He believes a new arena is vital to the city's growth. Without it, Beutler says Lincoln could lose high school state championships which bring in millions of dollars in revenue.
