TITLE

Two Private Financing Plans Vie to Fund D.C. Ballpark

AUTHOR(S)
Vadum, Matthew
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/16/2005, Vol. 351 Issue 32091, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the certification of two competitive private financing proposals for the planned baseball stadium in Washington D.C. by chief financial officer Natwar M. Gandhi. Aim of the proposals to eliminate or significantly reduce the tax-exempt bonds that the district is authorized to sell to cover the project's construction and infrastructure costs; Acknowledgment of Gandhi that if the District Council and the mayor were to adopt the proposal offered by Deutsche Bank AG that the city would not need to sell any debt in order to get the ballpark built; Estimation of officials that private investors could finance no more than half of the estimated cost of building the ballpark for the Washington Nationals baseball team.
ACCESSION #
16441701

 

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