TITLE

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

AUTHOR(S)
Vadum, Matthew
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
14897299

 

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