DC Baseball Stadium Financing

District of Columbia, chief financial officer Natwar Gandhi has certified two of the eight proposals submitted for private financing of the new baseball stadium along the Anacostia waterfront.

Proposals by Deutsche Bank and The Gates Group met the District government’s intended goals for alternate financing which included: reducing the total amount of bonds the District needed to issue, reducing the ballpark fee needed to support debt service and providing additional financial benefits with minimal financial risk.

The six proposals that did not meet the financing goals were submitted by the following organizations: Baseball Village Associates; DC Baseball Associates; DSG Capital Group; The Dubois Group; Global Development Partners; and HooverMilstein.

The City Council has asked Mr. Gandhi to appear before them in two weeks to compare the two certified proposals with the public financing plan.

To learn more about the District’s stadium financing plan, visit the Office of the Chief Financial Officer website.

Posted Under: DC News