Richmond's plan to rebuild baseball stadium reaches final innings
On Monday, the city announced it now plans to issue $170 million in general obligation bonds to pay for a new stadium to replace the outdated, dilapidated Diamond.
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On Monday, the city announced it now plans to issue $170 million in general obligation bonds to pay for a new stadium to replace the outdated, dilapidated Diamond.
Administrators’ pitch to change the city’s approach to financing its massive Diamond District development appeared to land receptively with Richmond City Council on Monday, despite increased risk.
Rob Cardwell spoke with Flying Squirrels executive Anthony Oppermann about what you can expect at the Diamond this season.
In a proposal that will be presented to City Council today, administrators are recommending that the city issue its own revenue bonds to fund the stadium and infrastructure for the development’s first phase.
The city of Richmond, which revealed its new plan Monday, wants to issue bonds backed by the city, saving $200 million.