Developers of a planned $220 million sports arena in Philadelphia are trying to find a final $10 million financial component by the end of the month, but attempts to borrow the money from the city's pension fund are probably futile, an official involved in the negotiations said yesterday.

"When we get it all resolved I think we will end up not using the pension fund," said Samuel Katz, financial adviser to Spectacor, which plans to build the Spectrum 2 arena. Katz said the problem involves differences in the parties' views about how the loan should be priced.

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