Sports Stadium Construction Legislation

The pending federal Bill S.1313 states that ôàthe power of eminent domain shall be available only for public use and that the term æpublic useÆ shall not be construed to include economic developmentö (Current, 2005, p. 1). This proposed law would apply to all exercises of eminent domain on the federal and/or state level. While Congress banned the use of tax-exempt private-activity bonds in 1986, government bonds ôàcan be issued for sports stadiums as long as state and local government issuers do not violate both of the 10% private-use and private-payment limits of the private-activity bond restrictionsö (Bond, 2005, p. 37).

While providing a stadium for a pro team

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Approximate Word count = 719
Approximate Pages = 3 (250 words per page)

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