REDSKINS STADIUM PLAN TAKING A TURN FOR THE WORSE?
Prince George's, MD Exec Wayne Curry "declared his
opposition" yesterday to a $20M incentive plan being promoted by
MD Gov. Parris Glendening and an "influential" county politician
to lure the Redskins to Landover, MD, according to this morning's
WASHINGTON POST. Under the plan, the county would help finance
parking, roads, and other improvements to the proposed site. Neal
& Montgomery report that Curry's position "could kill the deal."
Curry "opposes" the plan because it would "reduce the amount of
money the stadium operations would put into the county's tax
coffers each year" (WASHINGTON POST, 10/27).
BOND ISSUE FOR MCI CENTER ON HOLD: A bond issue has been
put on hold that would finance D.C.'s $63M share of the costs to
build the MCI Center, "pending the outcome of a legal challenge"
from BET President Robert Johnson. Thomas Hall reports that the
hold means that the original loan offered by NationsBank "is now
back in place" (WASHINGTON BUSINESS JOURNAL, 10/27 issue).