July 27, 2007
Morgan Stanley Wants to Build 'Debt Free' Stadiums for Colleges
A heavyweight in the financial-services industry wants to corner the fast-growing market for new college-sports facilities. Its idea: Help colleges build stadiums, arenas, and practice complexes without borrowing money.
The concept was apparently developed several years ago by a Chicago start-up company called Stadium Capital Associates. Last month Morgan Stanley, which has helped arrange financing for more than $7.5-billion in university projects in the last 18 months, bought a
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