Baseball Stadium Plan a Raw Deal for D.C., Study Says

Vadum, Matthew
October 2004
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p36
Trade Publication
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 with funds collected from three revenue streams. The city council must authorize the issuance of up to $500 million of bonds and enact certain tax legislation by the end of the year under the agreement signed last month.


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