Kraft Wants New Revolution Stadium In Boston NFL Reopens Investigation Into Giants' Josh Brown United Signs On At Warriors' New Arena CBS/NFL Net See Sharp Drop For "TNF" MLB Rangers Bump Up Texas Live! Date Maryland Raises Half Its Goal For Cole Field House Facility Notes Univ. Of Tennessee Completes Neyland Stadium Study Roger Goodell Addresses Dip In NFL Ratings Kentucky Lawmakers Ask For Audit Of Yum! Center
MARYLAND FACES ITS OWN DEADLINE FOR BROWNS' MOVE APPROVAL
Published December 14, 1995
Building a new stadium for the Browns in Baltimore could cost the state an additional $36M in interest over 30 years of the NFL fails to approve relocation "early next year," according to this morning's Baltimore SUN. If a scheduled January 17 vote is delayed or rejected -- and then appealed in court -- the sale of $87M worth of bonds could be pushed back. With proposed changes in tax laws possible that would make the bonds taxable, higher costs could kick in after February. Maryland bonds, backed by lottery revenues, are a key source of financing for the $200M stadium, the Stadium Authority's financing plan assumes tax-free bonds (Jon Morgan, Baltimore SUN, 12/14).