Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1998-10-20
2000-11-28
Trammell, James P.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 36, 705 40, 705 45, G06F 1760
Patent
active
061547301
ABSTRACT:
A system for employing the projected receipts of a public facility to finance the construction of the facility itself, or the acquisition of a team to play in the facility. A preferred system includes: a method for projecting future cash flows (e.g., gate receipts) associated with the operation of the facility; pooling rights to receive those cash flows; transferring the pooled rights to a special purpose vehicle; and issuing securities on behalf of the special purpose vehicle in order to generated revenues for the construction and/or operating costs of the facility, or for the purchase of the team itself. The system also includes a computerized method for the ongoing implementation of such a financing system, including the steps of: inputting estimated cash flows and actual cash receipts; comparing the estimated and actual values in order to determine adjusted amounts to allocate between investors in the special purpose vehicle and ongoing operations. The invention farther provides a facility (such as a stadium) and/or a team funded or acquired by such a system.
REFERENCES:
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patent: 5940810 (1999-08-01), Traub et al.
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Private Placement Letter, Nov. 2, 1998, "Stadium Finance to Grow Within ABS Market".
Adams Edward S.
Goldman Philip M.
Tesfamariam Mussie K.
Trammell James P.
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