TITLE

Virginia Officials Wary of Using Moral Obligation for Baseball

AUTHOR(S)
Vadum, Matthew
PUB. DATE
September 2004
SOURCE
Bond Buyer;09/17/2004, Vol. 349 Issue 31971, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the concern raised by political leaders in Virginia about using that state's moral obligation pledge to back baseball stadium bonds. Northern Virginia and the District of Columbia are considered to be the frontrunners in the competition to secure the money-losing National League team that plays a portion of its games each year in Puerto Rico. Virginia Governor Mark R. Warner, a Democrat, and some state lawmakers have expressed concerns about the proposal to issue bonds backed by a moral obligation pledge in order to finance a baseball stadium to be operated by a for-profit enterprise should Virginia win the Montreal Expos franchise and have to build a stadium.
ACCESSION #
14438480

 

Related Articles

  • D.C. Bonds Could Sell Next Month If MLB Signs Off on Changes. Vadum, Matthew // Bond Buyer;2/15/2006, Vol. 355 Issue 32320, p3 

    The article reports on the plan of Washington D.C. to sell bonds to finance the construction of a stadium in order to housed the Washington Nationals baseball team. The UBS Securities LLC serves as the lead underwriter. Chief financial officer Natwar M. Gandhi has endorsed the revised package...

  • STARs for Sports Complex. Watts, Jim // Bond Buyer;2/27/2007, Vol. 359 Issue 32576, p9 

    The article reports on the advantage of sales tax revenue bonds of Kansas. Sales tax revenue bonds, which is also known as STAR bonds, could be used to finance a privately owned major multisport athletic complex such as stadium or arena under changes in the enabling legislation approved by the...

  • Minnesota Vikings, County Unveil Stadium Finance Plan. Sigo, Shelly // Bond Buyer;9/21/2005, Vol. 353 Issue 32222, p30 

    Announces the plan of Minnesota Vikings and Anoka County, Minnesota of a financing proposal for a new stadium that relies on county bond issue to be repaid with a countywide sales tax. Designation of the property around the stadium as a special taxing district; Request of the county for the...

  • Public Stadium Funding Opponents In St. Louis Plan to Continue Fight. Shields, Yvette // Bond Buyer;1/19/2006, Vol. 355 Issue 32301, p36 

    The article reports on the plans of the Coalition Against Public Funding for Stadiums to appeal an appellate court decision in a charter change asking for a public vote on taxpayer subsidies for professional sports stadiums in Saint Louis County, Missouri, after learning it did not apply to the...

  • Iowa Board of Regents Approves Bonding for Football Stadium Renovations. Shields, Yvette // Bond Buyer;6/21/2006, Vol. 356 Issue 32407, p40 

    The article reports on the Iowa Board of Regent's competitive selling of athletic facilities revenue bond to help finance the final phase of a major renovation to Kinnick Stadium, home of the University of Iowa Hawkeyes football team. The net revenues of athletic and recreational facilities...

  • London Stadium Design Review Draws Ire of Job's Architects.  // ENR: Engineering News-Record;12/20/99, Vol. 243 Issue 24, p23 

    Focuses on the design of England's National Stadium that was considered spectacular, by its architects. Possible failure of the stadium to support Great Britain's future bid for the Olympic Games; Design of the stadium; Limitations of the stadium in relation to the Olympics.

  • B.C. Mayor Confident Council Will Give Ballpark Plan a Thumbs Up. Vadum, Matthew // Bond Buyer;12/9/2004, Vol. 350 Issue 32026, p1 

    The article reports that District of Columbia Mayor Anthony Williams is confident that the District Council will approve Ballpark plan. He predicted yesterday that the District Council will approve his $1 billion bond-financed baseball stadium and community development plan next week, possibly...

  • Downtown Miami Baseball Stadium Deal Clears First of Three Hurdles. Sigo, Shelly // Bond Buyer;2/25/2005, Vol. 351 Issue 32078, p3 

    This article reports that Miami City Commissioners have agreed with terms of a memorandum of understanding, which calls for the city to issue $120 million of revenue bonds as their share of the cost to build a $420-million ballpark for the Florida Marlins. The city's approval is the first in a...

  • As Manhattan Stadium Debate Drags On, Brooklyn Arena Also Looks for a Leg Up. O'Brien, Elizabeth // Bond Buyer;3/15/2005, Vol. 351 Issue 32090, p3 

    Reports on the issues concerning the conflict between the use of tax-exempt bonds backed by payments in lieu of taxes to build a football stadium and finance a basketball arena in New York City. Plan for the revenue of the proposed football stadium in Manhattan; Inclusion of the Manhattan...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics