Potential Arena Developer In Financial Pinch

This story is a few days old: The Baltimore Business Journal (subscription required - Ed.) reports that one of the new arena developers, Struever Bros. Eccles & Rouse Inc. "has defaulted on nearly $6 million in loans it borrowed to finance its construction projects and is facing lawsuits from Baltimore-area contractors seeking to collect wages from work on Struever's developments." The article quotes and optimistic Bill Stuever and that the company plans to "work through (their) financial problems."