The Maryland Stadium Authority, MSA, was created by Chapter 283, Acts of 1986 Maryland General Assembly. Its initial mission was to return the National Football League (NFL) to Baltimore. Maryland sought a new football team after former Baltimore Colts owner, Robert Irsay, moved the Colts out of the city in the middle of a snowy night on March 29, 1984. The Authority is a public corporation of Maryland which is authorized to issue tax-exempt bonds for financing its operations. The proceeds from the sale of those bonds and any other revenues collected are deposited in the Maryland Stadium Authority Financing Fund.
Read more about Maryland Stadium Authority: Goals and Responsibilities, Authority Composition
Famous quotes containing the words stadium and/or authority:
“It’s no accident that of all the monuments left of the Greco- Roman culture the biggest is the ballpark, the Colosseum, the Yankee Stadium of ancient times.”
—Walter Wellesley (Red)
“The members of a body-politic call it “the state” when it is passive, “the sovereign” when it is active, and a “power” when they compare it with others of its kind. Collectively they use the title “people,” and they refer to one another individually as “citizens” when speaking of their participation in the authority of the sovereign, and as “subjects” when speaking of their subordination to the laws of the state.”
—Jean-Jacques Rousseau (1712–1778)