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City Considers Real Estate Tax Exemption for Diamond Nation Stadium Complex

City Considers Real Estate Tax Exemption for Diamond Nation Stadium Complex

By Susan Larson
Diamond Nation has requested a permanent real estate tax exemption from the City of Fredericksburg in exchange for a revenue share “in perpetuity” and the city’s investment of up to $26 million to build a baseball stadium and sports complex in Celebrate Virginia South.
The new terms came in a letter to City Council on August 21 from Diamond Nation owner Jack Cust.

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