Sports Assets Remain Solid Amid Crypto Meltdown, Fitch Says
If this winter’s “Crypto Bowl” made you think the NFL might become too reliant on the techno-lucre, don’t worry. The implosion of cryptocurrency broker FTX and the…
muni bonds
‘Found Money’ for Bills May Mean Price Tag Less Than Raiders Dome
Nevada’s $750 million contribution to the Raiders NFL home field will cost it more than New York’s $1 billion gift to the Buffalo Bills, if current proposals go…
NFL’s Bills Take $850 Million in Record Taxpayer Outlay for Stadium
New York state and local government will contribute $850 million to help the NFL’s Buffalo Bills construct a new $1.4 billion stadium in western New York. If the…
Raiders Stadium Again Needs Backup Funds to Meet Debt Payment
For the second time in six months, Nevada’s Clark County has to pull millions of dollars from reserve funds to meet a payment on the Las Vegas Raiders’ one-year-old…
March Madness Daily: How Taxpayers Sustain Indianapolis’ Sports Palace
No matter whether you’re watching March Madness in the stands, in Alaska or in Key West, you helped finance Indianapolis’ Lucas Oil Stadium, the site of the NCAA men’s…
Nationals Park Earns Bond Rating Upgrade as D.C. Fiscal Health Endures
One bright spot for the District of Columbia this week: the city’s fiscal management of its stadium bonds has earned a ratings upgrade. Bond rating firm Fitch has bumped…
Clark County Takes $11.6 Million From Reserves to Meet Raiders Stadium Payment
While the Las Vegas Raiders plot to stop Matt Ryan and Julio Jones in Atlanta on Sunday, officials in Nevada are scrambling to avoid defaulting on the NFL team’s…
Pittsburgh Sports Authority Bond Rating Slashed by S&P
The municipal authority that owns Pittsburgh’s pro football, baseball and hockey stadiums had its ratings cut down two notches, from A-plus to A-minus, by S&P Ratings to…
Yankees Seek Billion-Dollar Bond Refinancing As Attendance Expected Down For Years
The Yankees will raise nearly $1 billion in a new bond issue through New York City to firm up their financial position as baseball attendance is projected to suffer…
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Astros Stadium Payment Opt-Out, Tax Revenue Drop Has Houston Going Dutch
The Houston authority that finances the stadiums of the Astros, the NFL’s Texans and the NBA’s Rockets is asking bondholders to hand in some holdings in an effort to…
Barclays Center Financials Show First Hint of Venues’ Pandemic Problems
It’s no surprise sporting venues would face a revenue crunch due to the pandemic halting live events. Financials released by Brooklyn’s Barclays Center Tuesday provide…
Debt-Laden College Football Programs Making Muni Market Nervous
The specter of empty college football stadiums this autumn means more than disappointed fans—it also means the biggest athletic departments will face huge budget…
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