Sunlight into bonds ownership
At Save Richmond, there’s a post that reacts to an article about shortfalls and City-backed bonds in today’s Richmond Times-Dispatch. The story of the Broad Street Community Development Authority’s inability to live up to expectations stands as fair warning to those wondering about whether Richmond ought to back bonds to build a baseball stadium in […]
At Save Richmond, there’s a post that reacts to an article about shortfalls and City-backed bonds in today’s Richmond Times-Dispatch. The story of the Broad Street Community Development Authority’s inability to live up to expectations stands as fair warning to those wondering about whether Richmond ought to back bonds to build a baseball stadium in Shockoe Bottom.
So I think this provides the appropriate context in which to view the proposed stadium. And for the record, I am a huge baseball fan and would love to see something like this built downtown. I would also like to be 2 inches taller, 10 lbs lighter and offer the citizenry free ice cream on Fridays in the summer. Maybe once it gets built we could even work out a publicly-funded “Free Lapdance Night” with Sam Moore across the street at Club Velvet. Now that is a proposal I could get behind. But, I digress.
Save Richmond wants to know who owns the BSCDA bonds. Sounds like a good question to ask, since the City just had to pony up $655,000 to the owners of the bonds to cover a shortfall in revenue.
Click here to read “Who Owns the CDA Bonds?”
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