$100M is sought for retractable roof at NYC tennis stadium

09/9/2013 | Bloomberg

Installation of a retractable roof for the Arthur Ashe Stadium, at the Billie Jean King National Tennis Center in New York City, may involve contributions from investors in the municipal-bond market. A Teflon roof for the stadium could receive $100 million in spending under the U.S. Tennis Association's arena-expansion plans. The group also plans to allot $450 million toward two more stadiums, with one also including a retractable roof, in a project that New York Gov. Andrew Cuomo said could create 1,500 construction jobs.

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