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

 

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