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Loupassi introduces stadium financing bill

January 13, 2009 11:27 pm by

Del. Loupassi has introduced a bill to divert the state sales taxes generated by the stadium and other related new buildings from the Shockoe Center proposal to pay the cost of the development:

The developers who want to bring minor-league baseball back to Richmond are proposing to finance a new ballpark in Shockoe Bottom with state sales taxes generated by the stadium and other new buildings. […] The proposal would apply only to the state’s 4-percent portion of sales taxes generated by the stadium and structures associated with it, potentially hotels and retail and office space. [1]


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