The package of taxes and payments backing the construction of Nationals Park is running some $21 million annually over projections, as gameday receipts and other new revenues are generating surpluses surpassing what’s needed to pay down bonds. (more…)
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New Nats ballpark a financial hit for District
After a contentious fight to bring in the Washington Nationals, it looks like Nationals Park advocates were right: the ballpark’s economic impact is generating a profit for the District of Columbia. Never mind the economic impact in the area around the ballpark — it’s been slow to come, but it is indeed coming. The bottom […]