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Saturday, August 6, 2011

Stadium project delay due to tight money, April 7, 1970

Sports
Daily Commercial
April 7, 1970

The stadium project of the Leesburg Dad's Club has ran into another snag, but this one cannot be resolved until the tight money situation eases. With the majority of the razing of the old bleacher sections completed, the only holdup in the beginning of new construction is the lack of money available through our local finance institutions.

After a talk with Franklin Ezell, Chairman of the Stadium Committee, he explained that the Dad's Club recognizes the dilemma that the local banks were experiencing and the organization did not consider it to be in the best light to ask the banks to loan the money to them at the very low rate of interest which they will be charging, especially with the money market as tight as it is right now.

So, the new section of stadium will have to wait we are experiencing the pangs of the tight money situation, but as soon as it is feasible, the green light for construction will be given and a full-speed effort will be undertaken.

All of the prestressed materials for the new section has been poured and is ready for installation, as soon as the proper word is given.

Buster Hancock, head of the finance Committee, is in charge of the money situation , and as soon as he gives the go-ahead, Then Stadium Chairman Ezell will begin to get the project underway in earnest.

Resources 
Sports
Daily Commercial
April 7, 1970

Article provided by:
Gerald Lacey
Staff Writer
Carver Heights Quarterback Club





















Gerald is a professional Internet marketer and social media marketing expert. His online business ventures and websites generate multiple streams of income annually. His consulting clients include best selling authors and international speakers.

Gerald is the CEO/President of Lacey LLC and OmariWholesale, Inc. He runs his entire business from his home where he is able to spend quality time with his family and friends. He is passionate about helping individuals to build and monetize their personal brand online.


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