A final vote on a new Biloxi ballpark for a Class AA Southern League team is set for Tuesday morning, following a public hearing on the financing plan.
The $36-million financing plan is pretty simple: the city will use $15 million from a state grant stemming from BP monies, and the remaining $21 million will be bonded by Biloxi, paid back by a $2 ticket surcharge. Naming rights will remain with the city and could be used to pay down the bonds early. The ballpark will be built on Beau Rivage Resort and Casino land leased to the city for $1 a year.
Ken Young, owner of four MiLB franchises (Albuquerque, Norfolk, Bowie, Frederick) will buy an existing Class AA Southern League team and move it to Biloxi for the 2015 season should the ballpark financing plan be approved.
Rendering courtesy of Dale Associates Architects.
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