It could take an additional $10 million to complete the new El Paso ballpark slated to host the relocated Tucson Padres (Class AAA; Pacific Coast League) next season, with city and MountainStar Sports officials slated to discuss the matter. Currently there’s no proposal on the table: just a note from MountainStar’s Josh Hunt that the […]
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Higher interest rates impact El Paso ballpark debt
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 […]