Virginia state Sen. Richard L. Saslaw (D-Fairfax) is proposing new language to put a check on the potential public funding of a Commanders stadium complex.
Saslaw suggested the new language after The Washington Post reported over the weekend on the legislature’s two bills to create a stadium authority to oversee financing and construction of a National Football League complex for the Commanders.the idea behind Saslaw’s bill and a House version brought by Del. Barry Knight — that the state would give up a share of tax revenue from the stadium and a surrounding “mini-city” to finance bonds for the stadium.
Saslaw, who sponsored the Senate bill, said he never wanted the bonds to be used for the broader development, whichHe said he would submit the new language to House and Senate negotiators who are trying to iron out differences between the two bills before the General Assembly session is scheduled to adjourn Saturday. Saslaw is one of the conferees, as is Knight.
“It was never our intention that the bonds would be used for anything other than the stadium,” said Saslaw, the state Senate’s majority leader. “This makes clear what we intended.”Both bills define “facility” to include things typically associated with a sports venue: the stadium itself, practice fields, team offices, concessions and parking garages. But they also include restaurants and retail without specifying that they be located in the stadium.
Saslaw’s new language would specify that the financeable restaurants, retail and concessions be “inside the stadium” and “essential to the operation of the stadium.” It also would remove references to “lodging” and non-team offices. Neither bill caps the amount of money that can be raised, however, and Saslaw’s proposal would not change that. But it would impose a time limit on the bonding authority, which the Senate version lacks.Both bills allow the stadium authority to issue bonds “at any time and from time to time,” but the House version says that right ends once the bonds are paid off or 20 years after the team plays its first regular season game in the stadium — whichever comes first.
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