The City of Philadelphia Still Owes Money for the 700 Level

The City of Philadelphia Still Owes Money for the 700 Level

Checks can be made payable to Andrew Kulp at the following address… wait, what? Okay, I’m being told the 700 Level doesn’t refer to us – or more importantly, me – in this case.

What Philadelphia really still owes money for is something that no longer exists: Veterans Stadium.

Seriously. The city is six figures in debt over a building that was demolished in 2004, not to mention an additional mil on subway expansion according to Philly Mag’s blog The Philly Post. Oh, and it’ll be awhile until that’s all paid off. Andrew Thompson has more:

But the wistful can find comfort here: The Vet is still very much alive—on the city’s debt service list.

Nearly 50 years after the initial $25 million dollar bond was approved in 1964, the city is still paying for the construction of a stadium that no longer even exists, making Veterans Stadium one of two of the oldest debts on the books, according to available bond data and interviews with the Controller’s Office. The other debt, also wrapped in the same $162 million loan authorized on the 1964 ballot, is the SEPTA expansion of the El to the Northeast and the Broad Street Line to Pattison—constructed to service the Vet.

The remaining balance on the Vet has been paid down to $183,000, and the city still owes more than $1 million on the subway expansion. Both projects were financed with 30-year bonds, putting them about 20 years behind repayment schedule, but have been refinanced multiple times, most recently in 2012, allowing the city to defer payment. Bond data indicate that the Vet will finally be paid off sometime in 2014, and the subway not until at least 2022.

Doesn’t anybody in government know if you call the credit card company and just ask them, sometimes they’ll lower the interest rate?

Never mind. Like I was saying before, mail those checks to P.O. Box…

>> Guess How Much Money We Still Owe for Building Veterans Stadium [Philly Mag]

Tim Tebow shows power in baseball tryout but clearly still needs work

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The Associated Press

Tim Tebow shows power in baseball tryout but clearly still needs work

LOS ANGELES -- Tim Tebow has taken his first big swing at a baseball career, showing off a powerful bat and a few areas of needed improvement in a workout for dozens of major league scouts.

The Heisman Trophy-winning quarterback worked out at the University of Southern California's Dedeaux Field on Tuesday. Scouts and reporters tracked, timed and recorded his every move.

Tebow's 255-pound muscled physique and 6.70-ish time in the 60-yard dash were impressive. So was a series of long homers into the trees and off the scoreboard.

The 29-year-old outfield hopeful also showed he still needs baseball seasoning. Former big-leaguers David Aardsma and Chad Smith repeatedly fooled him with off-speed pitches later in the hitting drills.

Tebow's representative would like to see him in instructional league play starting in September.

Eagles claim DT Bruce Gaston off waivers

Eagles claim DT Bruce Gaston off waivers

The Eagles' roster now stands at the max of 75, as the team claimed defensive tackle Bruce Gaston off waivers on Tuesday from Chargers. 

The roster, which had to be cut to 75 by 4 p.m. on Tuesday, must be at 53 by 4 p.m. on Saturday.

Gaston has played for the Dolphins, Cardinals, Packers and Bears since entering the NFL in 2014. He's also spent time with the Patriots, Vikings and most recently the Chargers.

The 6-foot-2, 310-pounder had eight total tackles and a sack in seven games for the Bears last season, his last NFL game action.

Gaston, 24, played collegiately at Purdue.

The Eagles take on the Jets at Lincoln Financial Field on Thursday (7 p.m./NBC10) in their preseason finale before opening the regular season on Sept. 11 at home against the Browns.

Eagles head coach Doug Pederson talks protesting anthem, Myke Tavarres doesn't

Eagles head coach Doug Pederson talks protesting anthem, Myke Tavarres doesn't

A day after flip-flopping on whether or not he planned to stand or sit during the national anthem, Myke Tavarres had nothing to say about this complex issue.

Tavarres, a rookie undrafted linebacker with the Eagles, told ESPN on Monday he planned to emulate 49ers quarterback Colin Kaepernick and sit during the playing of the national anthem Thursday night prior to the Eagles’ preseason game against the Jets at the Linc.

Tavarres said he wanted to draw attention to racial inequality and social injustice with the demonstration.

"We’ve got an issue in this country in this day and age, and I feel like somebody needs to step up and we all need to step up,” Tavarres told ESPN.

But within a couple hours, Tavarres had changed his mind.

“Myke plans on standing for the national anthem,” his agent said in a statement. “Myke does not want to be a distraction to the Philadelphia Eagles organization. Myke's goal is and will always be to make the Eagles’ 53-man roster and help the team win a Super Bowl.”

Kaepernick, who four years ago led the 49ers to the Super Bowl, spoke for 18½ minutes about his decision to sit during the Star-Spangled Banner.

Tavarres said at his locker after practice Tuesday he had nothing more to say.

“I made a statement through my agent last night,” he said. “If you have any other questions, please talk to him.”

Head coach Doug Pederson said he did not talk individually to Tavarres, a fringe prospect who is unlikely to survive this weekend’s roster cuts.

But he did discuss the broader issue in a meeting with the full team and said he believes his players should stand during the anthem.

“Listen, I can appreciate everybody's opinions and I respect everybody's opinions,” Pederson said.

“But at the same time, I feel that [the national anthem] is important and it's obviously out of respect for the men and women of our country that sacrifice in order for us to coach and play this great game.

“So I get it. I understand it. But at the same time, I encourage everybody to stand.”