BILOXI — The Biloxi City Council has set up a $1-million budget in advance of any spending for a baseball stadium.
David Nichols, city administrator, says no expenditures will be made until a team is purchased and all the documents are signed.
The Sun Herald reports (the vote was 5-2 creating the new capital project to track the expenses of the stadium. The action prepares to combine funding sources of $1 million in general fund money, $15 million in grant money from the state and $21 million in bond money to build the stadium.
Councilman Robert Deming III said the city has to be ready for the opening of the baseball season in 2015 and faces penalties if the deadline isn’t met.
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