The Bond Buyer articles from May 2005

The Bond Buyer archives from May 2005

The Digest.
May 2, 2005... The municipal bond market was mixed Friday, holding its own in the first part of the day but easing as the session progressed along with Treasuries, as concerns over rising inflation and next week's Federal Open Market Committee meeting pushed...

States Awash in Private-Use Capacity.
May 2, 2005... WASHINGTON -- States carried forward a record amount of private-activity bond capacity from 2004 to this year and also abandoned hundreds of millions more than last year, a trend that experts say is due to four consecutive years of increases in...

Volume Reaches $30.13 Billion In 3d-Highest April on Record.
May 2, 2005... Expectation of higher yields and a desire to lock in savings prompted many long-term municipal issuers to sell refunding bonds last month -- contributing to the third-highest April on record for bond issuance. Last month, issuers in the...

Haines Cautions On 230 Opinions.
May 2, 2005... NEW ORLEANS -- Bond lawyers should not give unqualified opinions that municipals are tax-exempt if the transaction contains material tax risks that must be disclosed to investors, Martha Mahan Haines, chief of the Securities and Exchange...

News In Brief: March Personal Income, Spending Increase.
May 2, 2005... WASHINGTON -- Personal income rose 0.5% in March, while personal consumption increased 0.6%, the Commerce Department reported Friday. Personal income rose by $48.0 billion to about $10.06 trillion, after a revised 0.4% increase in February,...

News In Brief: Univ. Of Mich. April Index Falls to 87.7.
May 2, 2005... The University of Michigan's consumer sentiment index fell to 87.7 in the final April report from 88.7 in the preliminary April report and from 92.6 in March, market sources reported. IFR economists had predicted the index would come in at...

News In Brief: Chicago PMI Falls To 65.6 in April.
May 2, 2005... The Chicagoland Business Barometer fell to 65.6 in April from 69.2 in March on a seasonally adjusted basis, the Purchasing Management Association of Chicago said. An index reading below 50 signals a slowing economy, while a level above 50...

News In Brief: Employment Cost Index Up 0.7% in 1st Quarter.
May 2, 2005... WASHINGTON -- Employee compensation costs rose 0.7% in the first quarter of the calendar year, according to Labor Department data released Friday. The 0.7% increase in the seasonally adjusted Employment Cost Index for all civilian workers...

Friday's Market: Munis Finish Mixed as Investors Eye This Week's FOMC Meeting.
May 2, 2005... The municipal bond market was mixed Friday, holding its own in the first part of the day but easing as the session progressed along with Treasuries, as concerns over rising inflation and tomorrow's Federal Open Market Committee meeting pushed...

Virginia, 2 Firms Sign Pact on Capital Beltway Toll Lanes.
May 2, 2005... WASHINGTON -- A $900 million plan that could involve the issuance of tax-exempt bonds to add high-occupancy toll lanes to Interstate 495 moved closer to becoming a reality last week as Virginia Department of Transportation officials and two...

State & Local Finance: Out-of-State Business-Activity Tax Bill Returns to House.
May 2, 2005... Legislation to limit state and local governments ability to impose business-activity taxes on out-of-state businesses, which failed to win congressional approval last year, was reintroduced last week. Reps. Bob Goodlatte, R-Va., and Rick...

Legislation: Lawmakers Introduce Measure to Allow Renewable Energy Tax-Credit Bonds.
May 2, 2005... Senate Finance Committee chairman Charles Grassley, R-Iowa, and ranking Democrat Max Baucus of Montana introduced legislation last week that would allow taxable tax-credit bonds to be issued for renewable energy products, a proposal that was...

Tax Reform: Housing Officials Urge White House Panel to Keep Bonds Tax-Exempt.
May 2, 2005... The President's Advisory Panel on Federal Tax Reform should push to keep single and multifamily housing bonds tax-exempt, exempt the interest earned from private-activity bonds from the alternative minimum tax, and preserve other bond-related...

Nominations: Senate Finally Confirms Johnson as EPA Head.
May 2, 2005... The Senate last week confirmed President Bush's nomination of Stephen L. Johnson as the new head of the Environmental Protection Agency after removing a road block to the nomination by Sen. Thomas R. Carper, D-Del., who was upset over the...

State Allocations and Use of Private-Activity Bonds in 2004.
May 2, 2005... Editor's Note: This chart lists the bond allocation each state received in 2004 under the federally-mandated volume cap for private-activity bonds and shows how the allocation was apportioned and used by each state. For the fifth time since...

The Week Ahead: Massachusetts, California Deals Head Up a Light Slate.(Calendar)
May 2, 2005... Investors hoping to dig into this week's primary market may come away with some hunger pains. A handful of deals in Massachusetts and California will be the most appetizing fare amid the light menu of competitive and negotiated offerings that...

Mutual Funds Funds Gain $36.7M, First Inflows in 5 Weeks.
May 2, 2005... Municipal bond mutual funds experienced their first inflows in five weeks as weekly reporting funds gained $36.7 million during the week ended April 28, according to AMG Data Services. The gain followed outflows of $234.45 million the previous...

Century-Old California Hospital Readies $228 Million Renovation Deal.
May 2, 2005... SAN FRANCISCO -- A $228 million bond issue is planned this week to help a century-old hospital in Pasadena, Calif., complete a 21st century upgrade of its facilities. While Huntington Memorial Hospital plans to refund outstanding debt,...

Competitive Bond Offerings.
May 2, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
May 2, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Monday, May 2 Hiawatha KS Temp...

Negotiated Bond Offerings.
May 2, 2005... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of May 2 Huntsville Hlth...

Results of Negotiated Sales.
May 2, 2005... ALABAMA Frisco City (Town) Apr 12, 2005 $705,000 General Obligation Warrants, Series 2005 (bank qualified). Dated Apr 1, 2005. Due Nov 1, 2011 to 2028. First coupon May 1, 2005. Callable Nov 1, 2013 at par. ...

Results of Competitive Sales.
May 2, 2005... MASSACHUSETTS Quincy (City) Apr 29, 2005 $1,000,000 Bond Anticipation Notes (book entry). Dated May 11, 2005. Due Nov 10, 2005. Purchased $1,000,000.00 by First Southwest, at 3.5%, plus $3,240.00, effective rate...

Alabama House Balks at Sales Tax Referendum.
May 2, 2005... BRADENTON, Fla. -- Alabama lawmakers last week refused to pass a bill that could have undermined the security behind more than $1 billion of bonds issued by Jefferson County. Rep. Mary Moore, D-Birmingham, proposed a bill seeking a referendum...

Grady County, Okla., May Pay Jail Debt Service With Surplus.
May 2, 2005... DALLAS -- Surplus cash held in a sinking fund associated with a failed 1986 bond deal can be used by Grady County, Okla., to meet its current $537,000 debt service payment on $17.5 million of revenue bonds that financed a four-story jail in...

Parker County, Tex., Issuing Certificates of Obligation for Jail Expansion.
May 2, 2005... DALLAS -- Parker County, Tex., located just west of Fort Worth, will go to market Thursday with its largest public sale of debt to date, a $15 million offering of certificates of obligation that will finance a jail expansion for the...

Trends in the Region: In Massachusetts, a Tale of One Town's Partial Comeback.
May 2, 2005... Faced with cutbacks in Massachusetts state aid to local governments, the town of Lynn earlier in the decade was forced to shutter two nursing homes, lay off 36 firefighters, and fire 200 school employees, including 150 teachers. It was...

District of Columbia: Housing Rehab Deal.
May 2, 2005... The District of Columbia Housing Authority plans a retail order period on Wednesday for about $78 million of tax-exempt bonds for the rehabilitation of public housing, according to the underwriter, Lehman Brothers. The retail period will...

MARYLAND: No Tax Break for You.
May 2, 2005... The state Board of Public Works last week rejected a one-cent property tax reduction proposed by Gov. Robert L. Ehrlich Jr. A change in Maryland's property tax rate requires two affirmative votes from the three-member board, and Ehrlich did...

NEW JERSEY: Codey's SCC Order.
May 2, 2005... Acting Gov. Richard Codey last week issued an executive order implementing some of the recommendations contained in a report critical of the state's School Construction Corp. Codey's order calls for the creation of a chief financial...

New York: They Like Mike.
May 2, 2005... The New York Building and Construction Trades Council, which represents 60 labor unions with a combined membership of roughly 100,000, last week endorsed Republican New York City Mayor Michael Bloomberg for re-election in November. Though...

New York: Livingston Sells.
May 2, 2005... Livingston County is coming to market with nearly $36.9 million of general obligation bonds to help finance a new skilled nursing facility and expansions to its water system, the county's financial adviser said. The central upstate New...

Pennsylvania: Bondosaurus Debt.
May 2, 2005... Tyrannosaurus rex and Triceratops will be among the recipients of an upcoming $20 million revenue bond sale for the Carnegie Museums of Pittsburgh. Proceeds from the variable-rate demand bonds will finance "Dinosaurs in Their World," a...

NEW-ISSUE VOLUME NOTES.
May 2, 2005... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's data base on Friday, April 29, 2005. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities...

LONG-TERM BONDS: January-April.
May 2, 2005... 2005 2004 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $128,137,100 4,298 $117,633,600 4,437 +8.9 % January 22,474,300 808 20,724,200 850 +8.4 February 31,072,600 993 27,131,400 1,072 +14.5...

BOND SALES BY STATE: January-April.
May 2, 2005... 2005 2004 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 28 $1,186,400 38 $586,700 +102.2 % Alaska 37 682,900 48 286,200 +138.6 Arizona 21 1,942,800 9 3,551,900 -45.3 Arkansas 38 559,500...

LONG-TERM BONDS: April.
May 2, 2005... 2005 2004 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $30,125,500 1,118 $31,065,200 1,113 -3.0 % Development 889,200 33 662,200 43 +34.3 Education 8,779,700 418 8,686,900 339 +1.1 ...

LARGEST ISSUES: April 2005.
May 2, 2005... Amount Issuer Date $857.1 New York City, GOs (NM/ref) Apr 15 779.2 California (State) GOs (ref) (cpt) Apr 6 559.2 New York City Municipal Water Finance Authority Apr 20 523.1 Louisiana (State), gas Apr 20 507.1 Wayne...

U.S. Securities Prices.
May 2, 2005... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 5/26/2005 2.640/ 2.545/540 2.681 3M -- 7/28/2005 2.840/830...

Short-Term Tax-Exempt Yields.
May 2, 2005... Apr 29, 2005 Apr 28, 2005 Apr 30, 2004 Selected MIG-1/SP-1+ Notes California Rans 3s (June 05) 2.60 2.60 1.25 Los Angeles Co Trans 3s (June 05) 2.60 2.50 1.05 New Jersey Trans 3s (June 05) 2.60 2.60 n.a. Texas Trans 3s...

Municipal Market Data General Obligation Yields.
May 2, 2005... Aaa Aaa (pure) (ins) Aa A Baa 2006 2.64 2.71 2.70 2.81 3.09 2010 3.01 3.11 3.09 3.28 3.63 2015 3.57 3.69 3.67 3.88 4.27 2020 3.91 4.02 4.00 4.20 4.58 2025 4.16 4.26 4.25 4.42 4.75 2030 4.33 4.43 4.42 4.56 4.87...

Market Indicators.
May 2, 2005... Dollar amounts are in millions Day's 2005 2005 Daily Yesterday Change High Date Low Date Municipal Bond Index 114-23 -4/32 116-07 (2/9) 112-11 (1/4) 40 Average Dollar Price 103.94 -0.12 105.59 (2/9) 101.95 (3/30) ...

Visible Supply.
May 2, 2005... Competitive Negotiated Total ($000s) ($000s) ($000s) Weekly Averages 4/29/05 2,217,470 3,696,375 5,913,845 4/22 2,493,678 4,555,824 7,049,502 4/15 3,113,172 5,074,034 8,187,206 4/8 2,468,448 5,459,935 7,928,383 ...

Placement Ratio.
May 2, 2005... No. Total Amt. Sales from Placement New New Accts. New Accts. Ratio Accts. ($000s) ($000s) (%) 2005 04/29 24 1,042,320 1,009,310 96.8 04/22 20 1,348,102 1,284,947 95.2 04/15 29 1,573,768 1,534,748 97.5 04/08 24...

General Obligation Bond Prices for April 29, 2005.
May 2, 2005... Intermediate Long-Term Bond and Ratings (Moody's/S&P's) Dated Cpn & Maturity Yield Price Prev Chg Cpn &Maturity Yield Price Prev Chg STATES California Series 2004 (A3/A/A-) 12/1/04 5% 6/1/10 3.21 108 3/8 107 7/8 + 1/2 5% 6/1/25...

Municipal Market Yields.
May 2, 2005... Values at 4/29/2005 -- Basis Point Change from 4/22/2005 Aaa Aa A Baa 2006 2.58 -02 2.73 -02 2.93 -01 3.22 -01 2010 3.12 +04 3.27 +04 3.51 +05 3.79 +05 2015 3.71 +05 3.87 +05 4.12 +06 4.41 +06 2020 4.04 +04 4.20 +04 4.43...

Municipal Bond Index Update.
May 2, 2005... The list of bonds used to calculate the Municipal Bond Index was revised after the April 29 pricing. The new coefficient is 1.0220. It was derived by dividing the April 29 index (114.715532) by the average converted price of the new set of...

New-Issue Balances.
May 2, 2005... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $21,340 4/28 *College Station, Tex. (3 iss.) $17,210 $4,130 RECENT OFFERINGS $20,000 4/28 San...

Municipal Bond Prices.
May 2, 2005... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations Inc. All figures are rounded to the nearest eighth when reported in this table. "Change in Bid" is rounded after calculation. Dollar Change...

Municipal Bond Index.
May 2, 2005... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 114-23 114-27 114-06 113-00 108-17 Friday, April 29, 2005 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price 1...

Miami Ballpark Plan Faces Sales Tax Hurdle in State Senate.
May 2, 2005... BRADENTON, Fla. -- A state sales tax rebate that would complete the bond-financing plan for a $420 million Florida Marlins ballpark in Miami faces an uphill battle in the Senate with only one week left in the legislative session. The...

The Digest.
May 3, 2005... The municipal bond market finished little changed yesterday as Treasuries failed to provide definitive direction and participants refrained from making any aggressive moves ahead of today's Federal Open Market Committee meeting and an expected...

Tobacco Ratings at Risk?: S&P: Invoking 'NPM' Clause Could Prompt Slide.
May 3, 2005... DALLAS -- According to a Standard & Poor's report released late last week, tobacco bond ratings could dip still lower if large tobacco companies next year opt to take advantage of a clause in the 1998 Master Settlement Agreement that allows...

New York MTA Readies Campaign For $2.9 Billion Bond Referendum.
May 3, 2005... New York's Metropolitan Transportation Authority is planning to launch an educational campaign in connection with a $2.9 billion statewide bond referendum set for this fall. MTA executive director Katherine Lapp mentioned the campaign in...

Moody's, Fitch Drop AIG to AA: XL Subpoenaed In Separate Case.
May 3, 2005... Moody's Investors Service and Fitch Ratings yesterday downgraded American International Group Inc. to double-A after the insurance giant disclosed that it would incur $2.7 billion in accounting restatements and will not meet a self-imposed...

News In Brief: Treasury Estimates $42B Paydown in 2Q.
May 3, 2005... WASHINGTON -- The Treasury Department announced yesterday it expects to pay down $42 billion in marketable debt during the April-to-June quarter and to have a cash balance of $20 billion on June 30. The latest borrowing plans compare with...

News In Brief: Construction Spending Gains 0.5% to $1.052T.
May 3, 2005... WASHINGTON -- Spending on construction projects climbed in March to a record high as private and public construction expenditure rose, according to Commerce Department figures released yesterday. Total construction spending rose 0.5%, or...

News In Brief: ISM Index Slips To 53.3 in April.
May 3, 2005... The overall economy expanded for the 42nd straight month in April, the Institute for Supply Management reported yesterday. According to the ISM's monthly report on business, the ISM index decreased to 53.3 in April from 55.2 in March. ...

News In Brief: Weekly T-Bills Go At 2.870%, 3.085%.
May 3, 2005... WASHINGTON -- Tender rates for the Treasury Department's latest 91-day and 182-day discount bills both fell, as the three-months incurred a 2.870% high rate, down from 2.880% last week and the six-months incurred a 3.085% high rate, off from...

News In Brief: Treasury to Pay Down $7B With 4-Week Bills.
May 3, 2005... The Treasury Department said yesterday it will sell $8 billion of four-week discount bills today. The 28-day bills will pay down $7 billion and refund $15 billion of maturing bills. The bills have an issue date of May 5 and are due June 2....

Monday's Market: Municipals Keep to Narrow Range Before Expected Rate Hike Today.
May 3, 2005... The municipal bond market finished little changed yesterday as Treasuries failed to provide definitive direction and participants refrained from making any aggressive moves ahead of today's Federal Open Market Committee meeting and an expected...

Corrections.(Correction Notice)
May 3, 2005... Contrary to incorrect information in the chart accompanying yesterday's volume cap story, the state of Arkansas carried forward $176 million of its private-activity bond-issuing capacity into 2005 and did not abandon any of its cap. Because of...

Arizona Legislature Approves Amusement Park Bond Plan.
May 3, 2005... DALLAS -- The Arizona Legislature has approved and sent to Gov. Janet Napolitano a bill that would establish a special district with the authorization to issue up to $1 billion of revenue bonds to build a large amusement park near the Grand...

Legislation: N.J. Lawmaker Reintroduces Brownfield Bond Bill.
May 3, 2005... For the fourth time in five years, Rep. Robert Andrews, D-N.J., has introduced a bill that would permit states and localities to issue as much as $250 million in taxable tax-credit bonds to clean up so-called brownfield sites. Under the...

Enforcement: Tezak Trial Set in Holmes Harbor Bond Case.
May 3, 2005... Edward Tezak - the only remaining defendant to be tried in the Justice Department's criminal case involving $20 million of bonds illegally issued by a Holmes Harbor, Wash., Sewer District authority for a questionable ofis scheduled to go on...

Housing: Section 8 Bill Would Let Agencies Shift Funds More Easily.
May 3, 2005... Rep. Gary Miller, R-Calif., has introduced legislation backed by the Bush administration that would give public housing authorities greater flexibility in administering Section 8 housing vouchers -- a proposal that housing advocates fear could...

People: Wachovia Hires Head for New L.A. Corporate Trust Office.
May 3, 2005... Wachovia Corporate and Institutional Trust has opened a full-service corporate trust office in Los Angeles and has hired Carl W. Becker as vice president to head the effort. Before the new initiative, Wachovia had an office that focused on...

Projects for Indiana Schools May Be Delayed Pending New Budget.
May 3, 2005... CHICAGO -- Local schools could delay construction projects as they adjust to a new funding formula that Indiana approved Friday along with a $24 billion budget that will carry over a $132 million shortfall in fiscal 2006. Gov. Mitch...

S.C. District Puts BEST Refunding on Day-to-Day Calendar.(Calendar)
May 3, 2005... ATLANTA -- Greenville County, S.C., School District officials looking to complete a refunding deal launched last month have placed a roughly $70 million offering on the day-to-day calendar. To be refunded are installment purchase lease...

Competitive Bond Offerings.
May 3, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
May 3, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, May 3 Olathe KS GO...

Negotiated Bond Offerings.
May 3, 2005... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of May 2 Huntsville Hlth...

Results of Negotiated Sales.
May 3, 2005... CALIFORNIA Santa Clara County Housing Authority Apr 28, 2005 $4,284,000 Weekly Variable Rate Multifamily Refunding Revenue Bonds (The Willows Apartments) Series 2005A (Letter of Credit Issued by Union Bank of California) (book...

Results of Competitive Sales.
May 3, 2005... ILLINOIS Lake County May 2, 2005 $3,075,000 General Obligation Refunding Bonds (Sales Tax Alternate Revenue Source), Series 2005 (book entry). Dated Jun 1, 2005. Due May 1, 2006 to 2014. Non-callable. Winning...

Waterbury, Conn., Sees Pension Solution in Water Authority.
May 3, 2005... Waterbury, Conn., is mulling the creation of a municipal water authority that would issue revenue bonds, the proceeds of which would be used to pay down the city's $440 million unfunded pension liability. Supporters say the plan would rely...

Glastonbury, Conn., to Sell $18.5M Of GOs, $3M of Notes for Schools.
May 3, 2005... Glastonbury, Conn., tomorrow will sell $18.5 million of general obligation bonds and $3 million of GO bond anticipation notes to fund its high school and elementary school projects. The bonds and notes carry Aa1 and MIG-1 ratings,...

Appeals Court to Rule on Motions in New York State School Funding Case.
May 3, 2005... A New York State appeals court is expected today to decide two motions in a case challenging a lower court ruling that says that the state must provide New York City schools with billions of dollars in additional education aid. In...

Trends in the Region: Texas Road Debt Issuers Dealing With Growing Pains.
May 3, 2005... DALLAS -- Since 2001, many Texas officials have touted debt financing for new roads and additional lanes as the answer to the state's congested highways, but issuers are running into opposition from anti-toll advocates and from some state...

ARIZONA: Sewage Plant Stink.
May 3, 2005... Pima County has spent more than $18 million to eliminate odors from its Roger Road sewage treatment plant during the last 20 years, but the stink remains. County officials said it would cost $14 million more and take another four to five...

NEW MEXICO: Albuquerque Budget.
May 3, 2005... Debate over Albuquerque's budget for the fiscal year that begins in July got under way last week with the first hearing on Mayor Martin Chavez's $447 million general-fund proposal. The City Council will soon begin work on a $120 million...

OKLAHOMA: Hold Those Tax Cuts.
May 3, 2005... Tax cuts being considered by the state Legislature could cost the state $425 million and endanger long-term financial stability, according to a report released last week by Community Action Project, a Tulsa-based anti-poverty agency that...

TEXAS: Probation Reforms?
May 3, 2005... Texas prison officials are considering a number of reforms to the state's probation system - proposals that lawmakers hope will lower the number of people in the system and possibly eliminate the need for a massive bond program to expand the...

TEXAS: Tiff Over Turf.
May 3, 2005... Grapevine-Colleyville Independent School District trustees have questioned including $2.1 million for synthetic turf at high school and middle school athletic fields and a stadium in a proposed $108 million bond issue for the district near...

TEXAS: Cowboys Footprint.
May 3, 2005... Arlington officials this week expect to announce the exact location of the new stadium for the Dallas Cowboys in the city located between Dallas and Fort Worth. The city is paying for half the $650 million stadium with bonds that will be...