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CINCY DECIDES ON BOND ISSUING TO PAY FOR STADIUM EXPENSES

          Hamilton County issued $350M in bonds that will pay for
     construction of the Reds' new Great American Ball Park, the
     demolition of Cinergy Field and $46M in overruns at Paul
     Brown Stadium, according to Dan Klepal of the CINCINNATI
     ENQUIRER, who noted that the bonds will also be used to pay
     off about $71.5M in debt issued in '98 to build Paul Brown
     Stadium (PBS).  County financial advisers said that the
     county "secured" an interest rate of 5.61%, lower than the
     6% it was forecasting.  The lower rate will translate into
     about $24M in interest savings over the 32-year life of the
     bonds.  Taxpayers will pay about $500M in interest if the
     bonds "stay on the books" for 32 years (ENQUIRER, 10/25).
          GREAT AMERICAN DEBATE: In Cincinnati, Jennifer Edwards
     wrote that city and county officials Tuesday "disputed a
     claim" by an architect for the Reds that "how and where" the
     logo for Great American Ball Park will be displayed at the
     new field is "non-negotiable."  Edwards reported that a city
     design board "balked" at preliminary plans unveiled Monday
     showing that the corporate logo is to be "featured at the
     ballparks entrance and elsewhere."  The board said that the
     logo "will ruin the stadium's new look."  Cincinnati City
     Manager John Shirey: "Under the agreement with the county,
     we have design approval of the ballpark."  But Reds
     architectural representative Mike Schuster said that Great
     American Insurance Co. has "insisted the design elements be
     used as submitted" (CINCINNATI POST, 10/25).
          MONEY TALKS: In Cincinnati, Mike Rutledge wrote that
     Hamilton County plans to pay Parsons Brinckerhoff OH (PBO)
     $3.34M "plus expenses" to be its project manager for the
     ballpark.  County officials said that the contract to (PBO)
     will give the county "greater oversight of construction than
     they had" on PBS (CINCINNATI POST, 10/25).

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