DC Ballpark: ERA “Nailed It”
In early May, District of Columbia officials and the
new owners of the Washington Nationals broke ground on a 30-acre site near
the Anacostia River waterfront, where the team’s new ballpark will
emerge over the next two years. The groundbreaking caps two challenging
years that saw the negotiation of a lease between the District of Columbia
and Major League Baseball, the selection of a new team owner, and the preparation
of a public financing plan for the construction of the new facility.
ERA is proud to have consulted on the offering of over $534 million in revenue
bonds that will be used to finance the construction of the new stadium. ERA’s
assignment included the projection of stadium-related sales tax receipts, one
of four revenue streams that the District of Columbia is using to repay the bonds.
Our final report was included in the Official Bond Statement issued on May 11,
2006.
According to Bloomberg News, ERA “nailed it.” Read more from Bloomberg’s
Joe Mysak
here. To download the full report, click the link:
FINAL