DALLAS – El Paso, Texas will build a downtown minor league baseball stadium with $53 million of special revenue bonds after city officials withdrew a proposal to add another $10 million to the project’s cost.

The City Council authorized the City of El Paso Downtown Development Corp. to issue stadium debt with a par value of up to $52.8 million, which will include an approximately $38.2 million tranche of tax-exempt bonds and a $13.2 million taxable series.

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