The university plans to use bond money to partially finance the arena. Federal law on tax free bonds will limit the university to a maximum 10 percent use by profit making organizations. The bond issue would be repaid from athletic revenues. Skestos said he hopes the university arena can be completed by 1998. Gee said that Ohio State would approach the state Controlling Board in the next few days to seek release of a portion of the state funds to employ an architect for the arena.
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