December 20, 2005
D.C. stadium bond sale called off
And still more on the Washington Nationals stadium lease stalemate:
- D.C. CFO Natwar Gandhi's tells Bond Buyer that "there will be no [stadium] bond sale this year." That would open the way for MLB to declare D.C. in default of the stadium deal, and seek binding arbitration - though it's still very much an open question whether it would be binding on the city council, which isn't a signatory to the Baseball Agreement.
- Some D.C. councilmembers, according to the AP, are pushing for an agreement that the Nats' new owner pay for cost overruns, as is the case in many other cities, before they'll approve the lease deal. Note one of the few exceptions, of course: Bud Selig's Milwaukee Brewers. Prepare the fleecing shears!
Posted by Neil deMause
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