A verification of the cap should include a statement pledging that under this legislation — should a new baseball stadium be constructed — not one dollar more than $610.8 million can be spent on the total stadium project using District of Columbia public resources of any kind, including from tax dollars, tax breaks, development rights, bond revenue, private monies provided in exchange for something of value from the District or any other resource connected to the District, including those from the Anacostia Waterfront Corporation, the DC Sports and Entertainment Commission or any other quasi-governmental entity of the District.
If there is no cap, and there remains one or more channels which leave open the possibility of more than $610.8 million being spent on the stadium project using District of Columbia public resources of any kind, please provide a detailed explanation in your statement.
In addition, I would like your opinion on what the impact of issuing bonds for this stadium would be on the city’s ability to raise funds on Wall Street for District needs. There is a level of fiscal integrity required regarding the overall very high indebtedness per capita in the District of Columbia (highest in the nation). Also, the people of the District need to understand that you interpret the language from the Council’s legislation as a true, ironclad cap, with no loopholes. It is in that spirit that I look forward to your considered response.
This letter does not change our opposition to the taxpayers’ financing this stadium and other costs. Renovating RFK Stadium with Major League Baseball’s money is the answer.
Update: DC Chief Financial Officer’s non-answer to Nader’s request for stadium cap verification
Dr. Gandhi’s Feb. 21 reply to Nader [salutation, greeting, and closing removed]: “As I stated in my letter dated February 13, 2006 to Chairman Linda W. Cropp, I am prepared to move forward with the stadium bond financing if (1) the Mayor signs the legislation; and (2) by close of business on March 6, 2006, Major League Baseball and the Sports and Entertainment Commission acknowledge and accept in writing the terms stated in the Act such that I can provide the required certification to Council regarding the sources available for overruns of the $300 million hard cost cap and the $175 million soft cost cap.
I appreciate your concern about the District’s debt position. I will continue to work with Mayor and Council to keep future borrowing at manageable levels given the resources available to pay for debt service.”
Sports Forum Podcast
Episode #13 – League of Fans’ Sports Forum podcast: A Conversation With Long-Time MLB Exec Dan Evans About What’s Right With Baseball and What Could Be Better – Evans is a former general manager for the Los Angeles Dodgers and is currently a consultant for Go the Distance Baseball, which owns the Field of Dreams movie site. We discuss his experience at the MLB game at Field of Dreams; his thoughts on the appeal of the Field of Dreams, and baseball in general.
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Episode #12 – League of Fans’ Sports Forum podcast: A Fun Chat With Dan Gutman, Author of the Baseball Card Adventure Series for Kids
Episode #11 – League of Fans’ Sports Forum podcast: The Latest on Brain Trauma, Concussions and CTE with Dr. Chris Nowinski – Nowinski is CEO of the Concussion Legacy Foundation.
Episode #10 – League of Fans’ Sports Forum podcast: An Issues Discussion With Paul Dolan – Dolan is the Cleveland Indians Owner and CEO.
Episode #9 – League of Fans’ Sports Forum podcast: Talking Sports Issues With Ralph Nader – Nader is a consumer advocate and was named one of the “100 Most Influential Americans of the 20th Century” by Time magazine. He is the founder of League of Fans.
Episode #8 – League of Fans’ Sports Forum podcast: How Can We Save College Sports From Overcommercialization and Professionalization? – The guest is Dr. David Ridpath, a sports business professor and past president of the Drake Group
Media"How We Can Save Sports" author Ken Reed appears on Fox & Friends to explain how there's "too much adult in youth sports."
Ken Reed appears on Mornings with Gail from KFKA Radio in Colorado to discuss bad parenting in youth athletics.
“Should College Athletes Be Paid?” Ken Reed on The Morning Show from Wisconsin Public Radio
Ken Reed appears on KGNU Community Radio in Colorado (at 02:30) to discuss equality in sports and Title IX.
Ken Reed appears on the Ralph Nader Radio Hour (at 38:35) to discuss his book The Sports Reformers: Working to Make the World of Sports a Better Place, and to talk about some current sports issues.
Sports & Torts – Ken Reed, Sports Policy Director, League of Fans – at the American Museum of Tort Law
League of Fans is a sports reform project founded by Ralph Nader to fight for the higher principles of justice, fair play, equal opportunity and civil rights in sports; and to encourage safety and civic responsibility in sports industry and culture.
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Ken Reed’s Author Page on Amazon