Authority Member Blasts Penguins Civic Arena Efforts Browns Planning Training Camp Facility In Columbus NBC Wins Primetime With "TNF" Source: Fox Has Sold 90% Of Super Bowl Ad Space Jets Critics Turn To Woody Johnson Canucks Set To Debut Bar At Rogers Arena Indian Wells Renovation Nearing Completion Minn. Gov. Weighs In On U.S. Bank Stadium Dispute Kentucky Gov. Discusses Yum! Center Plan Billboards Outside Nationals Park Pass First Vote
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).