Here’s something you rarely see. Maricopa County has paid off the debt it accrued on the baseball stadium – 19 years ahead of schedule.
According to the Phoenix Business Journal,
“The Maricopa County Board of Supervisors approved the final payment of $15 million, including more than $9 million in interest. The final payment was not expected for 19 years. By taking care of the payment early, the county saved taxpayers more than $9.5 million in additional interest.”
Considering all the controversy over Maricopa County’s role in the creation of this massive project, its quite a feat to walk away from the debt and tax burden this created for Maricopa taxpayers.
Read the original press release – Maricopa County Press Release – Stadium Debt.