This week, the council discussed whether to extend its"memorandum of understanding" with the ball club to build the $450million project.
The ballclub and the city first struck the MOU in 1998, whenvoters approved the plan for a baseball-only ballpark andredevelopment in the East Village area of Downtown. The council hassince extended it four times.
It has been sidetracked by a variety of factors ranging fromlack of financing to lawsuits to inquiries into council corruption.The city currently plans to pay half the costs, putting up aportion of the money in cash, then using bond sales to finance therest.
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