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City: We'll Pay Off Cowboys Stadium Bonds Early
(AP) Officials in Arlington say they're on track to pay off bonds for Cowboys Stadium three years ahead of schedule.
Arlington officials tell The Dallas Morning News that it set a record during the 2011-12 fiscal year of $50.5 million in sales tax revenue. That doesn't include proceeds of a half-cent of sales tax for Cowboys Stadium or a quarter-cent for street maintenance and repairs.
The city between Dallas and Fort Worth agreed in 2004 to spend $325 million in bonds for the new stadium, which opened in 2009.
Assistant director of fiscal policy Mike Finley says the city is on track to pay off the 30-year bonds three years early.
One critic of the original bond package says he's still skeptical of whether Cowboys Stadium helped local residents.
City: We'll Pay Off Cowboys Stadium Bonds Early
(AP) Officials in Arlington say they're on track to pay off bonds for Cowboys Stadium three years ahead of schedule.
Arlington officials tell The Dallas Morning News that it set a record during the 2011-12 fiscal year of $50.5 million in sales tax revenue. That doesn't include proceeds of a half-cent of sales tax for Cowboys Stadium or a quarter-cent for street maintenance and repairs.
The city between Dallas and Fort Worth agreed in 2004 to spend $325 million in bonds for the new stadium, which opened in 2009.
Assistant director of fiscal policy Mike Finley says the city is on track to pay off the 30-year bonds three years early.
One critic of the original bond package says he's still skeptical of whether Cowboys Stadium helped local residents.
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