by Archana Subramaniam by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: THURSDAY, January 23, 1992 TAG: 9201230219 SECTION: SPORTS PAGE: C2 EDITION: METRO SOURCE: DATELINE: LENGTH: Short
NATIONSBANK CORP. TO PROVIDE CREDIT FOR '96 GAMES
Nationsbank Corp. announced it will provide a $300 million secured line of credit to help finance the 1996 Summer Olympics, whose officials projected a 37 percent increase in the cost of hosting the Games.Atlanta Olympic officials told board members that expenditures would climb to almost $1.4 billion, compared to an original estimate of about $1 billion. Estimated revenues were $1.5 billion - up from an earlier projection of $1.2 billion.