City releases some stadium documents
Revenue projections are among financial details that are kept private
(By Laura Graff, Winston-Salem Journal) - The city of Winston-Salem has released hundreds of pages of documents signed during the closing of its complicated finance package with the developers of the downtown baseball stadium, though it did not release documents that offer revenue projections or that officials say are protected by state public-records laws.
More than 50 documents were made public this week, including deeds, financing statements and leases. The leases show some of the inner workings of a deal that involves the city, multiple banks and at least four companies managed or owned by stadium developer Billy Prim.
The documents don't contain any business projections on the ballpark's operations.
The city has denied a public-records request from the Winston-Salem Journal for those estimates.
(By Laura Graff, Winston-Salem Journal) - The city of Winston-Salem has released hundreds of pages of documents signed during the closing of its complicated finance package with the developers of the downtown baseball stadium, though it did not release documents that offer revenue projections or that officials say are protected by state public-records laws.
More than 50 documents were made public this week, including deeds, financing statements and leases. The leases show some of the inner workings of a deal that involves the city, multiple banks and at least four companies managed or owned by stadium developer Billy Prim.
The documents don't contain any business projections on the ballpark's operations.
The city has denied a public-records request from the Winston-Salem Journal for those estimates.
posted by BP News Bureau | 12:00 PM
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