Accord Reached On D.C. Stadium (washingtonpost.com):
Williams and Cropp Negotiate Financing
By David Nakamura and Thomas Heath
Washington Post Staff Writers
Tuesday, December 21, 2004; Page A01
"D.C. Mayor Anthony A. Williams and Council Chairman Linda W. Cropp said last night that they had reached agreement on a stadium financing package that would satisfy Major League Baseball by guaranteeing construction of a permanent home for the Washington Nationals along the Anacostia waterfront.
Under the new proposal, which the 13-member council is to vote on today, the city will purchase insurance for potential cost overruns on the stadium and split the payments with Major League Baseball. Also, District officials will continue pursuing private financing for the project for several months. But Cropp said she will drop a requirement that 50 percent of the construction costs be paid for with private money."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment