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Resource ID: #21623
Subject: Development
Source: Baltimore Sun
Affiliation: 
Date: March 14-15, 2004

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Description

This investigation showed how Baltimore developer David S. Cordish used tax-free municipal bonds to build two glitzy casino complexes for the Seminole Tribe in Florida. Tax-exempt bonds are supposed to be issued only for "essential government functions" and private developers are barred from benefiting from them. But, those regulations were being ignored, until these Sun reporters brought the deal into the spotlight.

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