from the San Diego Business Journal (1/12):
CCDC Assumes Bond Payments for Petco Park
By MIKE ALLEN - 1/12/2009
San Diego Business Journal Staff
"The city of San Diego isn’t immune to the growing list of government entities and industries looking for a bailout, and it received one of sorts last week when the Centre City Development Corp. agreed to assume bond payments for Petco Park for five years.
The CCDC serves as the city’s official redevelopment agency and oversees downtown redevelopment projects.
The ballpark payments will last only five years, and total $56.6 million. About $153 million is outstanding on the bond balance from the $169 million issued in 2002, and refinanced in 2007." ...
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