Facility Notes
BLOOMBERG NEWS' Aaron Kuriloff noted the Twins transferred $4M to a debt-service fund for their new Target Field after "high interest rates caused by 2008's credit-market turmoil drained an account devoted to paying off the bonds." The account "originally contained enough to pay debt service on the bonds until one month before" the ballpark is scheduled to open in April '10. The credit market squeeze "drove interest rates up, and a hedge wasn't enough to make up the difference." After the transfer, the account "will likely be sufficient to pay debt service approximately until the projected opening date" (BLOOMBERG NEWS, 6/29).
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JCSCA Exec Dir Says 70% Of Arrowhead
Work Will Be Done By August |
CONSTRUCTION ZONE: Jackson County (MO) Sports Complex Authority (JCSCA) Exec Dir Jim Rowland yesterday told the Jackson County Legislature that Arrowhead Stadium "should be 70[%] complete" for the Chiefs' preseason home opener on August 15, "as planned." A monthly construction report delivered by Rowland "detailed that lower portions of the upper concourse will not be completed for the 2009 season, along with lounge areas on the club level." Meanwhile, Rowland said that his office is "busy complying with an information request from county officials regarding the hiring of minority firms and workers at the stadium work site." The request "came after legislator James Tindall expressed skepticism about the authority's minority-hiring reports" (K.C. STAR, 6/30).
SAFE AT HOME: Environmental Protection Agency spokesperson Dale Kemery said that raw data from an EPA study "shows there is no inhalation danger to children who play on various types of artificial fields and play surfaces" (PHILADELPHIA INQUIRER, 6/30).
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