[Dystopos]

Originally Posted by Blazer85

No news yet about this dome meeting in NYC about the bonds? Certainly wasnt anything in the paper, but I was under the impression that the meeting was yesterday.

Roy Williams. Birmingham News. Sunday, June 19, 2005
Conference call might help dome deal:

The Birmingham-Jefferson Convention Complex's director hopes that guidance dome backers received from a New York bond insurance firm could lead to a funding agreement with the City of Birmingham.

Jack Fields and BJCC financial adviser Jim White held a conference call Friday morning with representatives of Financial Security Assurance Inc. after their planned Thursday night flight was canceled.

"We needed them to clarify for us how we need to craft our deal with the city," Fields said.

The bottom line, he said, is that if both sides follow through on the advice they received Friday, they should be able to reach a funding agreement on the dome project.

Next, the city and BJCC officials must finalize a proposal that FSA says would persuade it to insure the $566.5 million in bonds required for the project.