Alan Oremus and his investors have 90 days to finalize a lease for Alexian Field, the former home of the Schaumburg Flyers (independent; Northern League), as both the Village Board and Park District gave initial approval to the group this week.
The ballpark is available because the Flyers were evicted earlier this month for nonpayment of the lease.
The baseline lease — the same as the Flyers signed — calls for $223,000 annually or 10 percent of sales, whichever is greater. In addition, the team pays $8,000 annually in a maintenance fee. Oremus has put down $50,000 as a deposit and will need to pay $450,000 more once the lease is signed.
The plan is for the ballpark to hold a limited number of events this summer and then house an independent American Association team next year. Oremus also owns the Joliet Slammers (independent; Frontier League), and members of his management team, like John Dittrich, will be involved in both ventures.
RELATED STORIES: After lease decision, what becomes of the Flyers?; American Association lands Schaumburg; Schaumburg meeting with potential Alexian Field lessees; Court: Schaumburg can move ahead with Flyers eviction; Schaumburg quietly invites leagues to pitch for Alexian Field lease; Flyers tax woes date back to August; Flyers sale postponed; team loses business license; Flyers sale still in works; indy world waits on resolution; NAL at 12 for 2011; league looking at Metrodome?; NAL at 12 teams, tentatively; no schedule yet; It’s official: North American League unveiled; Joliet city officials to lobby at Frontier League meetings; Joliet throws monkey wrench in league mergers; New for 2011: North American League; Three indy leagues joining forces for 2011?; Seals: Canaries in the coal mine?
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