Goldman Reaping $71 Million to End Swap on Colts’ Stadium Debt
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The public’s share of the cost of the $720 million Lucas Oil Stadium in Indianapolis just got higher.
The Indiana Finance Authority, which borrowed for the home stadium of the Indianapolis Colts National Football League team, is paying about $71 million to Goldman Sachs Group Inc. to end an interest-rate swap as part of a bond sale to refinance debt.