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Metropolitan DC Local Politics
Reply to "Virginia is for Suckers: VA leg looking to spend $1B to lure Washington Commanders"
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[quote=Anonymous][quote=Anonymous]I’m not sure you understand how public finance works. Why wouldn’t Virginia bid on getting the new stadium? How do you think Maryland got FedEx from DC’s RFK? That’s how these kind of projects are built, via public finance through bonds in which the future collected taxes (property or sales) are pledged for future debt payment. I worked on the deal for Nats Park (which almost went to Virginia in Pentagon City) and the Ravens stadium for example. This proposal of how the state would pay for the stadium is completely normal. [/quote] FedEx Field is NOT publicly financed. It was built and is owned by the WFT/Commanders. [/quote]
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