Tuesday, December 21, 2004

The Real Deal

From the Post story:

Under the agreement, which the full 13-member council is to vote on today,
the District would pursue private financing options for several months. But
Cropp said she will drop a requirement that half the ballpark be privately
financed.

In return, the city's liability for cost overruns or construction delays
would be far less than in the original pact, signed by Williams and Major League
Baseball in September.
Apparently, that's all the detail for now. Let's hope tomorrow is not interesting.

2 Comments:

At 9:51 AM, Blogger dexys_midnight said...

Here is what I don't get. How is "we will pursue private financing options for a few months, but if we can't get that, we will adhere to the deal and go with public financing" any different than what Cropp could have signed last week?

As far as I know, MLB has never said "oh, and your ability to raise money as a city is taken away as well." Was there ANYTHING preventing DC from agreeing to the baseball deal and then still attempting to get private financing to offset their public funding? I thought the deal was always that DC agrees to fully fund it, and if while they are fully funding it, some private entities want to pay DC back for pieces of the pie, so be it. Is that wrong?

 
At 10:43 AM, Blogger DM said...

You missing what Linda Cropp gets out of all of this -- a week in the spotlight and a "victory" for the common man. All participants (including the politicians) need to walk away from the deal thinking they got something, right?

 

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