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Published November 25, 1997
The Harris County-Houston Sports Authority "acquired the final piece of land needed" to build the Astros new downtown ballpark when it completed the last of five eminent domain proceedings Monday, according to John Williams of the HOUSTON CHRONICLE. In all five hearings, property owners received "substantially less than what they had sought" (HOUSTON CHRONICLE, 11/25)....Abe Pollin, NFL facility consultant Rick Horrow and economist Roger Noll were participants at a stadium and arena financing forum at DC's Brookings Institute. Noll, on proposed legislation by U.S. Senator Pat Moynihan (D-NY) that would take away the tax- exempt status of municipal bonds used to finance facilities: "If Congress eliminated the tax exemption on state and municipal bonds used to finance sports arenas and stadiums, the interest rates would go up and cause the public to think twice about each project" (WASHINGTON TIMES, 11/24).