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New Arena Idea Shot Down as County Money Runs Dry

ORLANDO-Orlando Magic loses bid for new $250-million NBA court and settles for renovating the 12-year-old, 17,250-seat, 395,000-sf TD Waterhouse Centre for an estimated $75 million, as area hotelier Harris Rosen suggested in an exclusive interview with GlobeSt.com June 4.

By Alex Finkelstein | Updated on July 10, 2001

ORLANDO-It all came down to money and Orange County just doesn’t have enough of the green stuff right now to shell out for a $250-million National Basketball Association-caliber arena for the Orlando Magic.

Instead, the team and county officials are meeting this week to set up a schedule and a pro forma for the estimated $75-million renovation of the 12-year-old, 17,250-seat, 395,000-sf TD Waterhouse Centre.

Those renovation talks could become strident since the team insists it will not agree to play its 2002 season at any of the smaller nearby courts, county planners following the controversy tell GlobeSt.com on condition of anonymity. The Magic wants to play at the existing arena while the renovations are underway.

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