Virginia Lawmakers Advance $1 Billion Bond Bill To Build Stadium For Washington Commanders [View all]

[mahatmakanejeeves]

If this is such a good idea, I'm sure Dan Snyder will be more than eager to pay for the stadium all by himself.

5:22 PM

Virginia Lawmakers Advance $1 Billion Bond Bill To Build Stadium For Washington Commanders

Héctor Alejandro Arzate

On Thursday night, legislators in Virginia’s state Senate Committee for Finance and Appropriations voted unanimously to move forward with a bill that would help finance a new Washington Commanders stadium in Northern Virginia. WUSA9 was first to report the news.

The legislation would allow up to $1 billion in government bonds to be sold to help pay for the stadium. It establishes The Virginia Football Stadium Authority as an advisory board to oversee its construction.

The bill was first introduced by state Senator Richard Saslaw, who represents the 35th District in northern Virginia.

Saslaw says the bill would allow for the bonds to be paid back through tax dollars generated by new development around the stadium, including entertainment, retail, and hotels. That newly generated revenue would, over a 30 year period, pay for the stadium. He also says that team owner Dan Snyder has agreed to invest an additional $2 billion to build the stadium’s surrounding facilities if the bill ultimately passes.

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WASHINGTON COMMANDERS

Virginia plan to score Washington Commanders new stadium calls for $1 billion in bonds
Lawmakers say bonds would be repaid over 30 years using tax revenue from the new stadium

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Billie Holiday God Bless The Child
3,070,003 views Sep 6, 2009

igotyoudancing
51.6K subscribers

Them that's got shall get
Them that's not shall lose
So the Bible said and it still is news
Mama may have, Papa may have
But God bless the child that's got his own
That's got his own

Yes, the strong gets more
While the weak ones fade
Empty pockets don't ever make the grade
Mama may have, Papa may have
But God bless the child that's got his own
That's got his own

Money, you've got lots of friends
Crowding round the door
When you're gone, spending ends
They don't come no more
Rich relations give
Crust of bread and such
You can help yourself
But don't take too much
Mama may have, Papa may have
But God bless the child that's got his own
That's got his own

Mama may have, Papa may have
But God bless the child that's got his own
That's got his own
He just worry 'bout nothin'
Cause he's got his own