Goldman will not prolong stadium lawsuit against Richmond

Because the bonds will pay for a stadium used mostly by the Flying Squirrels, Goldman claims the bondholders will have to pay federal income taxes, and the interest rate will be higher than the 4% city leaders announced. The higher the interest rate, the more the stadium project costs the city. Goldman said Friday: “I see no reason to file an appeal because the case will shortly be decided in the court of public opinion when the city will have to file a bond prospectus, indicating the interest rate they...