https://www.washingtonpost.com/dc-md-va/2023/12/11/monumental-sports-capitals-wizards-alexandria-virginia-capital-one-arena/
“A Virginia stadium authority would borrow from Wall Street to pay for the project and pay that money back later. The creation of the stadium authority would allow the developer to leverage state and municipal bond rates — which are well below market rate — to finance construction.“
Maybe at some point we can dig out of mothballs some of the associated write ups about the finances of the previous Virginia baseball stadium authority plans, as well as the Virginia Resource Authority bonds that actually seem to conceivably not result in not as big of a hit to the treasury / taxpayers compared with some of the stadium plans that have come forward. I think this surfaced previously in the football stadium talks as well.
Do you really think the teams would relocate without massive tax concessions and subsidies? If both DC and Alexandria are bidding and the starting point is a $600 stadium subsidy for renovations from DC, it's safe to assume the 'winner' will be stuck with a terrible deal. I'm just happy to be a Fairfax and not and Alexandria City taxpayer
