3 ms·
Arlington, TX subsidized the Cowboys stadium and however that plan was structured they were set to pay off those bonds 14 years early (2020 instead of 2034). In
by dwighttk 8y ago
Arlington, TX subsidized the Cowboys stadium and however that plan was structured they were set to pay off those bonds 14 years early (2020 instead of 2034). Instead they refinanced the bonds to help pay for the new Texas Rangers ballpark.[1]
The increased tax revenue really surprised them despite the projections being made before the recession. (A 25 year bond only taking 11 years to pay off.)
[1]https://www.dallasnews.com/business/real-estate/2017/09/13/600-million-loan-rangers-new-arlington-stadium https://www.dallasnews.com/business/real-estate/2017/09/13/6...
- chiph 8y agoThey also took 19 properties from their owners to build it. https://www.outsidethebeltway.com/eminent_domain_ruling_affects_dallas_cowboys_stadium/ https://www.outsidethebeltway.com/eminent_domain_ruling_affe...