More on Stadium Financing: After a heated debate yesterday, two D.C. Council committees narrowly approved legislation to build a baseball stadium for the soon-to-be-renamed Expos. The legislation now moves from committees to a vote by the full 13-member council next week.



The details from the Washington Post:

The legislation would finance construction of a stadium in Southeast Washington along the Anacostia River, at an estimated cost of $440 million to $530 million. The project would be funded through a combination of a gross-receipts tax on the city's biggest businesses, a tax on concessions and an annual rent payment by the team. Major League Baseball has agreed to move the Montreal Expos to Washington in the spring.

The bill includes a community investment fund that city officials say could provide $450 million for schools, libraries and recreation centers, although some council members and activists have said the plan is vague.

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