El Paso Reins in Stadium Costs

El Paso Reins in Stadium Costs

El Paso, Texas will build a downtown minor league baseball stadium with $53 million of special revenue bonds after city officials withdrew a proposal to add another $10 million to the project's cost. The City Council authorized the City of El Paso Downtown Development Corp. to issue stadium deb...

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Veröffentlicht in:National Mortgage News 2013-06, Vol.37 (36), p.23
1. Verfasser: Watts, Jim
Format: Artikel
Sprache:eng
Schlagworte:
Baseball (Professional)
Bond issues
Bond ratings
Cities
City ordinances
Contingent fees
Costs
Councils
Economic aspects
Financial services
Interest rates
Municipal bonds
Professional baseball
Stadiums
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Zusammenfassung:El Paso, Texas will build a downtown minor league baseball stadium with $53 million of special revenue bonds after city officials withdrew a proposal to add another $10 million to the project's cost. The City Council authorized the City of El Paso Downtown Development Corp. to issue stadium debt with a par value of up to $52.8 million, which will include an approximately $38.2 million tranche of tax-exempt bonds and a $13.2 million taxable series.
ISSN:1050-3331