TITLE

D.C. Council OKs Revamped Stadium Deal Allowing Some Private Funding

AUTHOR(S)
Vadum, Matthew
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the District of Columbia Council narrowly approved Mayor Anthony Williams' bond-financed $1 billion ballpark and community development package. The approval came after accepting a compromise proposal that could lead to partial private financing of stadium construction costs. According to district officials who did not want to be identified, the package could lead to the issuance of up to $1 billion in municipal bonds, but that figure could be reduced by between $100 million and $150 million as a result of various cost-saving measures.
ACCESSION #
15458118

 

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