The proceeds from the sale of those bonds and any other revenues collected are deposited in the Maryland Stadium Authority Financing Fund.
[citation needed] The city was courted by the owners of teams such as the Tampa Bay Buccaneers, the New Orleans Saints, the St. Louis Cardinals, the Los Angeles Rams, only to be repeatedly disappointed.
Baltimore thought it had its best shot in the 1993 NFL Expansion, but the league decided to put teams in Charlotte, North Carolina and Jacksonville, Florida, smaller cities in the south.
The city finally acquired the old Cleveland Browns team in 1995 under the leadership of John Moag, Chairman of the Maryland Stadium Authority at the time.
Some other projects that the MSA has been tasked to handle are:[3] The Maryland Stadium Authority is governed by a 9-member board of directors, all of whom serve 4-year terms.