Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1563 new people
  • 132 new organizations
  • 575 new photos
  • 1986 job history records for people in our database
  • 516 education records for people in our database
  • 1689 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 8 new people through the revolving door
  • 103 new policy reports
  • 16 new trips to our privately funded travel database
  • 330 new personal financial disclosures
  • 9310 new press releases
  • 12 new town halls
  • 19 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

District of Columbia: Final Status on the Sports Arena

  Premium   Download PDF Now (21 pages)
Report Type Reports and Testimonies
Report Date July 27, 1998
Report No. AIMD-98-223
Subject
Summary:

The District of Columbia has spent about $60 million, or about 98 percent of the estimated total cost of predevelopment activities, for the sports arena project. The District's $5 million in remaining funds for predevelopment costs for the sports arena appears to be enough to meet all estimated remaining expenditures. Collections from the dedicated arena tax have been more than sufficient to pay principal and interest of about $5.9 million annually on the bonds issued to finance predevelopment expenses. GAO's analysis shows that, if the present levels of collections are sustained and revenues from the ground lease of the sports arena and the existing debt service reserve funds are used, all of the arena bonds would be paid by 2002, about eight years before the 2010 maturity date. This redemption schedule would save the District about $16.4 million in interest costs and would allow about $7.7 million to be transferred to the District's general fund.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com