Vikings Play First Game In New Stadium Harbaugh Is Critical On Number Of Preseason Games Dolphins Partner With Uber On Multiyear Deal Could College Success Lead To NFL In Australia? Colts Announcers Make Several Missteps NFL Cites Lack Of Cooperation In Brown Case Bucs Unveil Renovations To Raymond James Adelson Willing To Spend $650M On Vegas Stadium Poll Shows Chargers' Initiative Gaining Supporters T'Wolves, Lynx Display New Target Center Scoreboard
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).