Near Southeast DC: Past News Items - Apr 25, 2006
Go to Full Blog Archive

 

2 Blog Posts

Stadium Bonds Rated
Apr 25, 2006 3:16 PM

(This is WAAAY over my head, but I provide it as a public service to the three of you who do understand it.) Fitch has rated the bonds that will be sold next week to finance the new baseball stadium: "Fitch has assigned ratings to the following series of ballpark revenue bonds to be issued by the District of Columbia: $81.34 million taxable series 2006A-1 'BBB'; $108.88 million taxable series 2006A-2 'BBB'; $320.39 million tax-exempt series 2006B-1 'BBB+'; $25 million tax-exempt series 2006B-2 (auction rate securities) 'BBB+'. The bonds are scheduled to be sold the week of May 2. The series 2006A-1 bonds will be a limited offering with UBS Investment Bank as placement agent. The series 2006A-2 and 2006B bonds will be sold through negotiation with a syndicate led by UBS Investment Bank. The Rating Outlook on all four series is Stable. Proceeds will be used for construction of a new baseball stadium along the Anacostia River."

UPDATE: Here's an AP story about this, indicating that these are low ratings, because "a utilities tax, a stadium concessions tax and rent from the Washington Nationals could fluctuate, making them a less stable way to pay back investors." And the bonds will be sold May 3.

More posts: Nationals Park

Demolition Started at Stadium Site
Apr 25, 2006 10:32 AM

Thanks to a tip from a correspondent, I can confirm that there is now demolition underway at the ballpark site, at its southernmost corner (South Capitol and P and Potomac). They are also "demolishing" (i.e., digging up) the triangle of empty land at 1st, P, and Potomac known as Reservation 247. Plus, now that the asphalt plant at Half and O has been dismantled, they're also digging up and clearing that lot as well. And they are in the process of putting up more fencing around the perimeter of the site--looks like they will have O Street at South Capitol fenced off by the end of the day. So while there hasn't been any sort of official groundbreaking--and I haven't heard whether there will be or not--clearly they are now moving forward.

More posts: Nationals Park



Near Southeast DC Home Page
Top of Page | RSS Feed | Contact JD
Advertise on JDLand.com

© Copyright 2014 JD.
All photos © Copyright JD unless otherwise marked - See information on photo uses, licensing and purchasing.

  
More JDLand.com/Near SE DC:
JDLand Home Page
Contact JD | About
Advertise on JDLand
E-Mail Updates
Near SE Development Map
Live Transit Info
Upcoming Events
Knight-Batten Award
Photo and Blog Archives
Browse/Search Photos
Photo Galleries
Demolished Buildings
Photos from Rooftops
JD's Favorite Photos
Blog Archive, '03 - Present
Tag Cloud
Underway
  
Nationals Park
Food Options Map
Parking Lots Map
Other Transportation Info
In the Pipeline
 
Completed
Lumber Shed ('13)
Boilermaker Shops ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 NJ Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Dem. ('07)
400 M ('07)
SoCap Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Rearview Mirror
Rearview Blog Posts
Demolished Buildings
Historic Photos & Maps
Past Events Timeline
On the Hill, '59-'69
From Above, '49-'08
Gas Prices Gallery
Posts on Food/Fun
Retail News
Restaurants/Nightlife
Overviews
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Ave.
M Street
South Capitol St.
North of M
The Yards
Lower 8th Street
East M Street
Boathouse Row
Guides/Maps
Project Directory
Stadium Corridor
M Street
New Jersey Ave.
Near Southeast Datasets
Recent Data
Crime Incidents
Public Space Permits
Building Permits