DC’s Baseball Debt

Starting to look like another RFK Stadium boondoggle. City Paper’s Loose Lips reports that the cost of the land in Southeast for the stadium was 100% over the Chief Financial Office’s projections.

http://www.washingtoncitypaper.com/display.php?id=36024

Seven City Council members wonder if the stadium will generate the income to pay off the interest on the debt. The District government could not pay the interest after the Armory Board constructed DC Stadium (now RFK). They never touched the principle.

The Ball Park Sales Sales Tax Enhancement Amendment Act of 2008 appears here and here

http://www.prorev.com/2008/07/catania-seeks-to-raise-sales-taxes-at.htm

http://www.dccouncil.washington.dc.us/images/00001/20080721160101.pdf

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