TITLE

D.C. Mayor Defends Rival Ballpark Plans

AUTHOR(S)
Vadum, Matthew
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/17/2005, Vol. 351 Issue 32092, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 authorized to sell to cover the project's construction and infrastructure costs; Claim of council members that the proposals are overly generous to investors in which the city would hand over control of certain public revenue streams in exchange for upfront payments; Details of the proposal of Deutsche Bank AG.
ACCESSION #
16458701

 

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