TORONTO: Three major groups are struggling in search of National Basketball Association franchise award, One group is led by John Bitove and another by Michael Cohil. Arihus Griffiths of Vancouver is also in the race. NBA franchise in Toronto pave a $457.8 million boost to Onlano’s economy. The NBA will likely make a decision next month on which one 1o chose as a partner. In addition to initial economic boost, annual benefits of $132 million metro. Total taxes generated would be $67 million a year out of which $74 million going to local government.
Article extracted from this publication >> October 1, 1993
