Teams seeking stadium ready to talk dollars with county officials | www.mypalmbeachpost.com

Negotiations keep on going behind the scenes. The parties are more certain of the financing parameters now that state legislation has been altered to allow a faster payout of money for a two team stadium. Mark Foley, lobbyist for the Nationals, is quoted throughout the article. Click title for link. It seems like the conversation revolves around two Palm Beach County sites. The one in West Palm Beach at 4th Street and Haverhill (landfill) or John Prince Park are getting the most attention. From the article:

Until last week, the financing was a problem because of a requirement that the state money be paid out over 37 years. That restriction was eased Friday when lawmakers approved a measure that changed the payout period for a two-team stadium to 25 years.
“What it means is it solidifies and makes usable the state contribution to a cost-sharing plan to keep the teams here,’’ Weisman said.
“Now the terms actually allow that financing should be feasible at $50 million. It’s money that can actually be used as compared to previously when we didn’t think it was practical to actually use the state money.’’
Gov. Rick Scott is expected to sign the legislation.

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