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Thursday, November 02, 2017

Bloomberg: Republicans Push to End Muni Bond Sales by Businesses, Stadiums

Neil deMause, to the courtesy phone…

Congressional Republicans proposed barring the sale of municipal bonds for professional sports stadiums and privately run infrastructure projects such as toll roads and airports, a step that’s at odds with President Donald Trump’s push to increase funding for public works.

The tax-cutting bill released Thursday would also eliminate advanced refundings of debt issues, a popular refinancing technique with state and local governments, as well as bonds backed by federal tax credits. If enacted, the proposals would cut the amount of municipal debt sold each year by billions of dollars and potentially boost demand for the bonds.

“If you reduce the supply of municipal securities that would make them generally more valuable,” said Rob Amodeo, head of municipal debt for Western Asset Management. “But if you look at the idea that munis are going to act as a cornerstone for financing U.S. infrastructure, some of the provisions in this tax plan may challenge that a bit.”

The rollback to so-called private-activity bonds would increase costs for companies that finance public works by borrowing billions each year in the municipal securities market, where interest rates are lower. Ending the program would would increase revenue by about $39 billion through 2027, according to Congressional estimates.


Monday, October 23, 2017

Looking Back At Five Great Baseball Moments At RFK Stadium

Sunday night was quiet around the baseball world in anticipation of the World Series, but it was also quietly the end of a small era connected to the sport’s history. Robert F. Kennedy Stadium, which was previously home to the Nationals and the second iteration of the Washington Senators, bid farewell to its last tenant, Major League Soccer’s D.C. United club.

And the movable left field stands were a-bouncin!

 

Bote Man Posted: October 23, 2017 at 03:45 AM | 16 comment(s)
  Beats: nationals, senators, stadiums, washington

Thursday, October 19, 2017

TBO: Trop Flop Brings Hillsborough Hunt

The devil is always lost in the details.

But broadening the hunt at this point — 22 months after St. Petersburg allowed the Rays to search for a new home away from Tropicana Field — can only be seen as a step backward for an effort many hoped would have been wrapped up by now.

Hagan once expressed optimism he could announce Tampa’s preferred stadium location at the start of 2017. Now it’s unclear if anything will be formalized by the end of this year.

The window for the Rays search closes in January 2019. Rays spokeswoman Rafaela Amador declined to comment.

[H/T to D-Rays Bay blog]

fra paolo Posted: October 19, 2017 at 01:11 PM | 2 comment(s)
  Beats: ballpark development, ballparks, rays, stadium deals, stadiums

Thursday, October 05, 2017

KC studying $450m stadium for Royals, because old one was renovated eight whole years ago | Field of Schemes

I am so tired of these stories. When will taxpayers wake up?

The city of Kansas City is funding a study of at least four potential sites for a downtown baseball stadium for the Kansas City Royals, according to documents obtained by The Star…

[Kansas City Manager Troy] Schulte said the studies started after the Downtown Council approached City Hall about the feasibility of downtown baseball. Schulte added that he agreed to help fund a study to consider whether the four sites would work so that the city could plan ahead if the idea gained momentum…

Potential obstacles for downtown baseball include parking and how to pay for it. Schulte said initial estimates for a stadium were north of $450 million. Those details, he added, have not been studied in depth.

Jim Furtado Posted: October 05, 2017 at 10:47 AM | 16 comment(s)
  Beats: stadium financing, stadium renovations, stadiums

Saturday, September 30, 2017

Miami Heat’s transition to mobile only entry begins with Sunday’s preseason opener

...The Heat, which announced earlier this year it was going to be the first franchise in the NBA to completely transition entry into AmericanAirlines Arena from tickets to smartphones, will begin the switch with its first exhibition game.

Parking at AmericanAirlines Arena and Bayside Marketplace will also be mobile only….

NattyBoh Posted: September 30, 2017 at 08:51 AM | 62 comment(s)
  Beats: mobile, stadiums, tickets

 

 

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