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

Vadum, Matthew
March 2005
Bond Buyer;3/16/2005, Vol. 351 Issue 32091, p4
Trade Publication
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.


Related Articles

  • Embattled CFO Remains Chipper About D.C.'s Prospects. Schroeder, Peter // Bond Buyer;12/27/2007, Vol. 362 Issue 32781, p6 

    The article focuses on the perspectives of Washington D.C. chief financial officer (CFO) Natwar Gandhi concerning the city's finances in 2008. Gandhi said that 2008 will be a significant year to the city because it will begin its transition from accumulating debt to relying more on its fund...

  • D.C. CFO Proposes Debt Cap To Curry Favor With Wall St. Schroeder, Peter // Bond Buyer;6/22/2007, Vol. 360 Issue 32656, p44 

    The article reports on the proposal of Washington D.C. chief financial officer Natwar Gandhi to adopt a strict debt limit to further develop the reputation with Wall Street while embarking on several costly projects. The plan of Gandhi is said to call for the overhaul and renovation of 141 city...

  • District's CFO: One Of a Kind. Glazier, Kyle // Bond Buyer;5/22/2012, p1 

    The article features Washington (D.C.) poetry-writing chief financial officer (CFO) Natwar Gandhi and his role as CFO. It says that Gandhi, who enjoys a level of certainty and independence, manages the debt and certification of balanced budget of the district. It adds that he took the position...

  • Chance Rules in D.C. Ackerman, Andrew // Bond Buyer;1/4/2007, Vol. 359 Issue 32541, p1 

    The article reports on the campaign of chief financial officer Natwar Gandhi to enforce a debt limit that would cap debt service payments at 10% of expenditures in Washington D.C. for 2007. The plan of Gandhi highlighted the city's effort for continued fiscal conservatism that would keep...

  • 'Supreme Bean Counter' Keeps D.C. on Straight and Narrow. Vadum, Mathew // Bond Buyer;3/3/2003, Vol. 343 Issue 31584, p34 

    Focuses on the role of chief financial officer (CFO) of District of Columbia Natwar M. Gandhi in bringing the city back from the brink of financial chaos in the late 1990s. Gandhi's views about accounting; Gandhi's views about the work culture in the city; Gandhi's experience as CFO of the city.

  • D.C. Releases Cost Re-Estimate For New Ballpark Construction.  // Bond Buyer;12/13/2005, Vol. 354 Issue 32277, p4 

    The article reports that Natwar M. Gandhi, Washington D.C.'s CFO, has revealed that the construction of a stadium for the Washington Nationals baseball team at the planned Anacostia River waterfront site will cost $667.3 million. The construction is planned to be financed through bonds. Last...

  • CFO Gandhi Says D.C. Has Enough Money for Ballpark. Vadum, Matthew // Bond Buyer;12/3/2004, Vol. 350 Issue 32022, p7 

    Reports on the use of government bonds for financing the baseball stadium and community development plan in Washington D.C. Total amount allocated for the project; Impact of creating a tax-increment financing district in the area on the city's general fund caused by the revenue generated in the...

  • Land Costs for D.C. Stadium Not an Obstacle, CFO Says. Vadum, Matthew // Bond Buyer;3/31/2005, Vol. 351 Issue 32101, p4 

    This article reports that a major potential obstacle to building a bond-financed stadium for the new Washington Nationals baseball team was eliminated when the District of Columbia's chief financial officer determined that the cost of acquiring a selected site for a planned ballpark and building...

  • D.C. Mayor Defends Rival Ballpark Plans. Vadum, Matthew // Bond Buyer;3/17/2005, Vol. 351 Issue 32092, p5 

    Reports that Washington D.C. Mayor Anthony Williams has defended two competing plans to privately finance the city's planned baseball stadium after District Council members criticized the proposals. Aim of both plans to eliminate or significantly reduce the tax-exempt bonds that the district is...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics