Higher-than-anticipated interest rates on city-backed bonds is raising the long-term cost of a new El Paso ballpark by $17 million, as the City Council approved the deal yesterday. City officials had anticipated a rate of 5 percent for nontaxable bonds and and 5.75 percent for taxable bonds. That didn’t attract any bond buyers, so the […]
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El Paso ballpark lawsuit dismissed; groundbreaking set for Thursday
A lawsuit against El Paso city employees alleging misconduct regarding the financing of a new El Paso ballpark was dismissed yesterday; meanwhile, the official groundbreaking of the Triple-A facility will take place Thursday. The lawsuit, filed by former Mayor Ray Salazar and five other plaintiffs against City Manager Joyce Wilson and city Reps. Cortney Niland […]