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December 17, 2004
Washington DC Council rejects MBL financing scheme
The Washington DC City Council narrowly approved the plan to build a ballpark for the Montreal Expos. The ammended plan called 50% of the stadium costs to be privately financed, which MLB has rejected.
The New York Times: "Baseball Rejects Terms for Washington Stadium"
Field of Schemes: "Whither Youppi?: The sequel"
The DC case has been watched with interest by Atlantic Yards activists because of it would require public financing and condemnation by private property by eminent domain, all this fuss for promises of jobs and economic development (familiar arguments to Brooklynites).
These recent developments in DC are interesting because it illustrates the increasing public backlash against stadium/arena deals that never make good on their promises. Politicians are beginning to react to increased public scrutiny of these sweetheart deals. Remember to WRITE YOUR REPRESENTATIVE.
Posted by lumi at December 17, 2004 8:43 AM