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Publication: European Stars and Stripes Sunday, December 11, 1994

You are currently viewing page 13 of: European Stars and Stripes Sunday, December 11, 1994

   European Stars and Stripes (Newspaper) - December 11, 1994, Darmstadt, Hesse                                Sunday december 11, 1994 Money matters the stars and stripes Page 13 a m v -.-. .1 i Florida Complex a Bush Viacom says Miami a Viacom inc. On Fri Day cancelled plans to build blockbuster Parka $1 billion entertainment and sports Complex on the Eastern Edge of the  Park would have become Home to two professional sports teams owned by blockbuster entertainment corp. Founder h. Wayne Huizenga. Its economic potential had been praised by civic leaders but environmentalists said it would Hurt the nearby wetlands. The decision comes nearly 2vi months after blockbuster was acquired by Viacom. In a news release blockbuster said the planned 2,500-acre entertainment com plex about 25 Miles North of Miami a longer fitted into the company s strategy. Since the  with Viacom blockbuster business priorities have been reassessed to align them wit the entire Viacom organization Block Buster said. It said the plan did hot have enough management and financial backing. Block Buster also cited the regulatory complexities of dealing with two counties Browa Darid Dade and the City of Miramar. The Complex s demise ends Huizenga Stream dubbed Wayne s world in which he would Combine a sports entertainment and recreational Complex on the level of Disney world in South Florida the National hockey league s Florida panthers and major league baseball s Florida marlins both owned by the billionaire would have called blockbuster Park their Home. Personally i m disappointed the project will not be developed said Hui Zenga who also owns the Miami dolphins football team. Environmentalists had feared the project would destroy the Everglades. Now what we need to do is make sur that the area is not exploited in some other Way said Cynthia Hurst of clean attraction. As nears  Post intelligencer Seattle after More than month s delay the Boeing co. Is expected this week to begin the crucial test needed to win Early certification of its 777 twin engine Jet for Long Over water flights. The Federal aviation administration is expected to give Boeing the final go ahead for its planned "1,000-Cycle test As soon As Faa test pilots Fly the air Craft a few More times those last minute reviews should be completed by Early this week. A. A. V earlier last week the Faa told Boeing that it did t have to wait until january when the aircraft s engines will be fully ground tested to begin the test which would simulate More than a year Worth of daily commercial flights. Boeing and Faa officials met thurs Day in Seattle to wrap up any Loose ends before the special Long Range test begins said Thomas , director of aircraft certification for the Faa in Washington . Boeing is anxious to Fly As soon a they can Mcsweeny said. We be Given Boeing the general approval to  a Boeing spokesman declined to say exactly when the test will begin and would not comment on any other aspect of the 1,000-Cycle program. Earlier in the week a Boeing spokes Man said that the delay in starting the test is not expected to affect the May 15delivery to 777 launch customer United airlines and that the special Early certification is still within  the i Jolo Cycle test is key to Boeing Effort to prove to the Faa that the 777 is service ready and Safe enough to Fly Long overseas routes from the Day the air plane is delivered. In the past the Faa has required new two engine aircraft to demonstrate their reliability in Commer Cial service for two years before granting such certification. Boeing is asking the Faa to Grant unprecedented Early Clear Ance for its 777 to make Long flights Over water from the first Day of service. The so called tops extended Range twin engine operations approval would allow airlines to Fly the 7/7 overseas As far As three hours from the nearest air port. All twin engine planes need Faa certification to Fly such routes. The clearance would open the Way Touse the 777 for quicker More direct routes Over Long stretches of water or uninhabited and masses for example airlines could Fly straight across the Ocean from the East coast to Europe instead of taking longer routes closer to land. Mutual new York a weekly investing Compa Nies giving the High Low and last Nav for the week with the net change from the previous week s last Nav. 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