The Virginian-Pilot
                             THE VIRGINIAN-PILOT 
              Copyright (c) 1997, Landmark Communications, Inc.

DATE: Friday, January 24, 1997              TAG: 9701240002
SECTION: FRONT                   PAGE: A14  EDITION: FINAL 
TYPE: Letter 
                                            LENGTH:   18 lines

POOR INVESTMENT

Your front-page lead report on Jan. 16 is titled ``Report: Arena would yield surplus,'' with the subtitle, ``Municipalities might share $777,000 annual profit.''

Only on reading the article do we find that for a $143 million investment, the 15 regional cities could share in the $777,000 per year. To put this in terms I understand, would I invest $143 to earn 77 cents per year? No way.

Please stop pushing the hockey arena.

MIKE HOFLER

Chesapeake, Jan. 16, 1997


by CNB