District of Columbia Aims to Lure Expos With Tax-Exempt Bonds

Sanchez, Humberto
August 2004
Bond Buyer;8/30/2004, Vol. 349 Issue 31958, p4
Trade Publication
Reports that Jack Evans, chairman of Washington D.C.'s Committee on Finance and Revenue, claimed that tax-exempt bonds that the state would issue to build a baseball stadium if Major League Baseball awards the city a team would be repaid primarily with sales and other taxes generated by businesses that benefit from the stadium. Poll conducted by the Service Employees International Union concerning views of voters on using public funds to finance a stadium; D.C. stadium-refinancing plan.


Related Articles

  • Dayton, Ohio, wins minor league baseball team; bond issue to follow. Goldsmith, Steve // Bond Buyer;02/26/99, Vol. 327 Issue 30587, p5 

    Reports on the plans of the city of Dayton, Ohio, to issue bonds to help build a stadium for a minor league baseball team. Pricing of the bonds; Bond securitization; Bonds previously issued by the city to fund improvements in the proposed stadium's site.

  • Minnesota Legislature Wrestles With Ballpark, Bonding Bill. Shields, Yvette // Bond Buyer;5/20/2002, Vol. 340 Issue 31390, p40 

    Reports the final agreements of lawmakers on the state capital bonding bill and financing package for Twins ballpark in Minnesota. Evaluation of tobacco settlement payments; Proposal for a stadium funding plan; Issuance of taxable bonds to pay the stadium construction.

  • Virginia Agency to Draft Plan Aimed at Luring Baseball Team. Kinnander, Ola // Bond Buyer;05/12/2000, Vol. 332 Issue 30890, p4 

    Reports on the Virginia Resources Authority's (VRA) preparation to develop a financing plan to sell bonds for a stadium. Efforts of the state to attract a professional baseball team; Expected start of financial discussions between the VRA and the Virginia Baseball Stadium Authority in summer 2000.

  • Mayor: There's No Baseball in D.C. If Waterfront Plan Is Dropped. Vadum, Matthew // Bond Buyer;11/9/2004, Vol. 350 Issue 32007, p5 

    Reports on the warning of Washington Mayor Anthony Williams that the Major League Baseball will walk away from its agreement with the District of Columbia to relocate the Montreal Expos if the city council decides to build the proposed bond-financed stadium at RFK stadium. Issues concerning the...

  • OKLAHOMA: Ballpark Design:Thumbs-Up. Watts, Jim // Bond Buyer;3/31/2009, Vol. 367 Issue 33089, p9 

    The article reports on the move of Tulsa Stadium Trust to approve the exterior design of the city's new downtown ballpark in Oklahoma. It states that the ballpark is being financed in part with proceeds from $25 million of general obligation bonds supported by an annual assessment on property...

  • N.Y. Agency Gives Initial OK for Ballpark Bonds for Yankees, Mets. Cataldo, Adam L. // Bond Buyer;1/19/2006, Vol. 355 Issue 32301, p36 

    The article reports on the preliminary approval of Empire State Development Corp. to issue up to 1.35 billion of bonds for the construction of two new stadiums for the New York Mets and Yankees baseball teams in New York. The proceeds will be divided between the two teams, each receiving 74.7...

  • MINNESOTA. Shields, Yvette // Bond Buyer;3/21/2001, Vol. 335 Issue 31101, p31 

    Reports on the plans of Minnesota-based baseball team Minnesota Twins for construction of a $ 300 million stadium that would be financed by the team. Bond issue involved in the plan; Provision of an interest-free loan by Saint Paul, Minnesota; Introduction of a bill related to the bond issue of...

  • Baseball Stadium Plan a Raw Deal for D.C., Study Says. Vadum, Matthew // Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p36 

    The article reports that the District of Columbia would expose itself to significant financial risks, but would not receive substantial economic benefits from building a new baseball stadium under the current plan that calls for selling $410 million of revenue bonds. The bonds would be repaid...

  • Miami-Dade Commissioners Vote To Approve Marlins Ballpark Deal. Sigo, Shelly // Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p7 

    The article reports that Miami-Dade County Commissioners voted 11 to 1 yesterday to approve an agreement with the city of Miami and the Florida Marlins to build a $420 million, largely bond-financed ballpark adjacent to the Orange Bowl near downtown Miami. The agreement outlines a plan of...


Read the Article


Sign out of this library

Other Topics