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Plan for Blue Jackets arena approved

Updated: October 3, 2011, 8:02 PM ET
Associated Press

COLUMBUS, Ohio -- City officials have approved a plan to keep the financially troubled Blue Jackets in Columbus until 2039 by allowing their home, Nationwide Arena, to be purchased with the help of casino revenue.

Under the proposal, the Franklin County Convention Facilities Authority would buy the arena from Nationwide Realty Investors using state and other loans and receive part of tax revenues from a casino being built in Columbus.

Nationwide would invest $52 million in the Blue ...

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