November 23, 2004
St. Louis bond ratings downgraded
Another day, another stadium-related bond rating downgrade. This time it's St. Louis County's bonds for the new Cardinals stadium, which Moody's has knocked down from Aa2 to Aa3. The problem in this case isn't so much what a lousy investment stadiums are as the voter referendum passed earlier this month that seeks to force a public vote on whether to make payments on the bonds; that vote could take place next April, or not at all, depending on how a court rules.
Posted by Neil deMause
COMMENTS
POST A COMMENT