The City Council will discuss the proposal on Wednesday. Even if the council approves it -- and right now approval looks likely, though we're expecting some tweaks along the way -- both sides will have several opportunities to back out before a shovel hits the ground.
Still, the fact that a project given up for dead by many just a month ago is headed for passage is a tribute to the powers of compromise; the original proposal from the Moorad group faced considerable opposition from some key council members, and changes along the way changed some minds. Out of the five council members who will vote on the measure, we count one solid opponent, one solid proponent, two offering qualified support, and one whose vote is not yet known.
The ballpark is being built for the already relocated Portland Beavers (Class AAA; Pacific Coast League), slated to play the next two seasons at Tuscon Electric Park.
Some highlights from the agreement:
- The team will pay $200,000 annually in rent, adjusted for inflation every five years. In addition, the team will contribute $150,000 annually toward a capital reserve fund. The team will also be responsible for ballpark maintenance and management.
- The team will receive all revenues, including proceeds from suites (there will be 14 of them; 10 regular suites, one suite for the team, one for the city, and two group suites) and naming rights (subject to city approval).
- Construction will begin at the beginning of 2012, with a 2013 season opening.
- The city will pay $40 million for the ballpark and $50 million on the project. Anything above $40 million will be covered by the team, and the team will contribute $5 million toward a contingency fund covering other overruns.
- The team will sign a 30-year lease with two five-year options, with all terms and bindings transferable to a new owner.
- The team will commit to nine non-baseball events per year.
- The ballpark will have a capacity of 9,000, with 7,500 fixed seats. A club level will contain the suites, two party areas and a lounge.
RELATED STORIES: Escondido council fills vacancy in advance of ballpark vote; Crunch time for new Escondido ballpark; Padres raise ante in Escondido ballpark negotiations; Escondido ballpark vote delayed again; new council will decide; Padres make it official: Beavers to Tucson in 2011; Election shows mixed support for new Escondido ballpark; Tuesday elections could determine fate of Bevos; Bevos to Tucson for 2011; Escondido ballpark vote delayed after pollution found at site; Fate of Bevos in the air until November, maybe December; Padres pitch one-sided lease to Escondido; Escondido: Show us some money, Padres; Escondido in, San Marcos out of Bevos ballpark mix; Portland Beavers to...Lake Elsinore?; Could bidding war erupt for Bevos?; Portland Bevos update: Tucson-bound?; Come 2011, where will Beavers play?; Paulson finalizes deal for PGE Park soccer conversion; whither the Bevos?; Paulson withdraws bid for Bevos ballpark in Beaverton; Decision on Bevos ballpark could go to Beaverton voters; Beaverton, Bevos reach agreement on new ballpark sans site; Land woes could kill Bevos ballpark in Beaverton; Picketers greet pro-Beavers rally in Beaverton; Landowners not thrilled with Beaverton Bevos ballpark plan; Bevos eye Beaverton for new ballpark site; Paulson withdraws request for Bevos ballpark in Lents; Portland to move ahead with soccer renovation, put off plans for Bevos ballpark; Thursday vote could determine Bevos ballpark fate; New Beavers ballpark lacks support on City Council; Bevos, city close to final funding proposal for new ballpark; Rose Quarter location officially off the table for new Bevos ballpark; Bevos ballpark plans back up in the air -- and maybe doomed; Portland ballpark vote delayed as mayor adjusts site, financial plans; New Beavers ballpark wouldn't happen until 2012 -- at the earliest; Cost of Portland redevelopment mushrooms to almost $300 million; Crunching the numbers on a new Bevos ballpark; Portland proposes tearing down Memorial Coliseum for new Bevos ballpark; Portland City Council votes to move ahead with new Bevos ballpark -- but takes $15 million from the equation; Paulson agrees to Portland's financial demands; still may not be enough; Bevos ballpark plan runs into serious financial obstacles; Portland task force gives preliminary approval to new Bevos ballpark -- with plenty of conditions; Portland ballpark discussion shifts to Rose Quarter; Decision on new Bevos ballpark location delayed; Will new ballpark fly in Lents?
Share your news with the baseball community. Send it to us at firstname.lastname@example.org.
Subscribers to the weekly Ballpark Digest newsletter see features before they're posted to the site. You can sign up for a free subscription at the Newsletter Signup Page.
|< Prev||Next >|