TORONTO: Toronto food services magnate John Bitove Jr. backed by former Ontario David Peterson and standard Broadcasting’s Allan Slaight walked off with the ‘rights to the first Canadian expansion franchise of the National Basket Association, The NBA’s expansion committee recommended Bitare’s group over two after Toronto groups. ‘The decision and franchise fee of up to $125 million needs to be ratified by the league’s ‘board of governors on Noy.4. Bitove’s group plans 10 build a $100 million plus, 20,000 Seat arena at the comer of Bay and Dundas Sts, Mato, The Skydome will be used for basketball games.
Article extracted from this publication >> October 15, 1993
