FrontBurner » Blog Archive » Dallas Bonds For AA Center Upgraded

Posted on January 9th, 2008 4:07pm by Wick Allison
Filed under Business, Politics, Real Estate

Fitch has raised the rating of American Airlines Center bonds to A+. The report notes that the city has earned $50 million in additional tax collections off its $111.7 million investment. And that’s before rental income from the Center itself. Not to say that I told you so, but indeed we told you so.

3 Comments to “Dallas Bonds For AA Center Upgraded”

jamesn @ January 9th, 2008 at 9:22 pm

Maybe you can help the plebes out: What does $50million in extra rental car and hotel taxes have to do with the AAC? Other than, of course, the single hotel built in the shadow of said investment?

My read of the article, despite DBJs attempts to obfuscate it, is that the extra $50million is attributable to collection of more than originally estimated taxes collected that actually back the bonds, not necessarily activity in and around Victory.
jrp @ January 10th, 2008 at 10:13 am

why do many of the staff at D always feel compelled to self-congratulate?

napoleonic complex maybe…

thanks for doing little to dispel the theory that blogs are merely circle jerks for the author(s)
Ken Knight @ January 16th, 2008 at 9:03 pm

Wick–
This just in–

Best,
Ken Knight
http://blogs.abcnews.com/thebl.....nbc-d.html