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Why should general obligation bonds be used to finance a baseball stadium, rather than revenue bonds?

Julian March
StarNews

Conceptual artist's rendering. Courtesy of Northern Riverfront Marina and Hotel.

Q. Why should General Obligation Bonds, rather than Revenue Bonds, be used to finance a baseball stadium in Wilmington? Also, will it be only Wilmington residents or all County residents that will be responsible for general obligation bonds?

General obligation bonds will result in the lowest interest rate on the debt, said Dylan Lee, a city spokesman. Only city residents will vote on the bonds, Lee said, placing city residents solely responsible for the general obligation bonds.

RELATED LINKS:

Why aren’t massive expenditures like the proposed baseball stadium put up for a referendum?

Is there a single email address for the Wilmington City Council and mayor?

 

User-contributed question by:
Pete D'Onofrio

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