Arizona State University May Have to Pay Departing Cardinals

Williamson, Richard
May 2003
Bond Buyer;5/7/2003, Vol. 344 Issue 31630, p34
Trade Publication
Arizona State University may lose more than the football team Arizona Cardinals when the National Football League team leaves Sun Devil Stadium in 2006 for its 350 million dollars, bond-financed, multi-use facility on the other side of Phoenix. If the Cardinals win a judgment from an arbitrator in June 2003, they could also take 21 million dollars from the cash-strapped university for improvements the team says it provided for the college stadium.


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