JEFFERSON CITY, Mo (KMOX) – Missouri Governor Jay Nixon received a letter signed by 21 senators saying they will not support annual appropriations to pay bond holders for the new stadium deal without a public vote.
KMOX’s Jefferson City correspondent Phil Brooks wonders, then who is going to buy those bonds?
“It sure raises a question about how viable a market there will be for bonds,” Brooks says. “You have a majority of legislators and one of the two chambers that have to approve the payout on the bonds saying they won’t support it.”
The bonds would support some $300 million in state funding for the stadium.
(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
Follow us on Twitter | Like us on Facebook