TITLE

Moody's Issues Warning About Cardinals Ballot Measure

AUTHOR(S)
Shields, Yvette
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports a warning of Moody's Investors Service (Company). It warned that St Louis County's ability to repay $45 million of appropriation-backed bonds for the new St. Louis Cardinals ballpark could be adversely affected if county voters endorse a November 2 ballot measure against public subsidies for professional sports stadiums. The bonds, part of a larger financing package that included state and city subsidies for the new $400 million stadium, are secured only by an annual appropriation to cover debt service.
ACCESSION #
14779427

 

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