A proposed Richmond Flying Squirrels (Class AA; Eastern League) new-ballpark lease payment of $1.7 million could be lowered with the sale of naming rights. The Richmond Economic Development Authority is taking the lead on the development of a new Shockoe Bottom ballpark, and the lease would be between the EDA and the Squirrels. The Squirrels […]
Tag Archives | lease
Wolff: No move to AT&T Park — yet
An A’s move to AT&T Park was indeed broached by MLB Commissioner Bud Selig during lease negotiations, but Oakland owner Lew Wolff says his team will play at O.co Coliseum — for the time being. The threat from Selig came as the A’s were engaged in some contentious lease negotiations with the Oakland-Alameda County Coliseum […]
Saints, St. Paul reach initial agreement on ballpark lease
A new-ballpark lease between the city of St. Paul and the St. Paul Saints (independent; American Association) calls for an expected rent of $600,000 annually, with profit-sharing in the mix. Though the final details still need to be ironed out, there is a framework in place to be presented to the St. Paul City Council […]
Rays: We won’t buy out Trop lease on St. Pete’s terms
No wonder talks over the future of the Tampa Bay Rays stalled: St. Pete officials say the team refuses to pay anything toward retirement of debt or a future demolition of Tropicana Field. Now, it’s defensible that the Rays pass on paying to demolish the Trop down the road: that’s the responsibility of the owner […]
Hillsboro pleased with Hops financial performance
Though the final numbers aren’t in yet, city officials say they’re pleased with the financial performance of the Hillsboro Hops (short season A; Northwest League) this season. The Hops drew 135,167 fans this season. The team’s rent at the new ballpark is partly based on attendance: the team pays $150,000 in base rent, the proceeds […]
St. Pete mayor: Talks with Rays going poorly
St. Petersburg Mayor Bill Foster, tied up in a tight reelection battle, says talks between his office and the Tampa Bay Rays over Tropicana Field lease are not going well — and blames MLB for the impasse. In a report to the City Council, Foster took aim at the commissioner’s office as he declared talks […]
MountainStar Sports Group extends Kino Stadium lease
Calling it insurance if a new El Paso ballpark is not completed in 2014, MountainStar Sports Group has extended the lease for Kino Stadium with Tucson for next season. MountainStar Sports Group purchased the Tucson Padres (Class AAA; Pacific Coast League) and plans to move the team to El Paso next season. Now, no one […]
Angels casually threaten move during lease negotiations
It was a little unexpected: a rep for Los Angeles Angels of Anaheim owner Arte Moreno said the team has the resources to move to another city, as the Anaheim City Council debate changes to the Angel Stadium lease. Charles Black was pretty blunt about the prospect of the Angels looking for a new home. […]
Shocker: Only one legitimate response to Ottawa baseball RFP
Ottawa officials wanting a bidding war for an Ottawa Stadium lease are probably disappointed that only one bid, from Mandalay Baseball Properties, has been submitted. Ken Grey brings word on the state of bids for the ballpark: A source close to the negotiations says Mandalay Sports Entertainment and Professional Sports Catering have the Minor League […]
Sternberg: No plans to move Rays
Though he thinks Montreal would be a fine MLB market down the road, Tampa Bay Rays principal owner Stuart Sternberg says there are no plans to move the franchise anywhere, as his focus remains on a new Tampa Bay ballpark. Sternberg has been a mighty patient man when it comes to the issue of a […]
Diablos lease to be bought out
The El Paso City Council will vote tonight to terminate the El Paso Diablos (independent; American Association) lease for Cohen Stadium, paying $300,000 to the team. The Cohen Stadium lease runs through 2016, and in the past few years the team has made some significant investments in the ballpark, including a new scoreboard (which can […]
Sounds extend Greer Stadium lease — but no new ballpark is in sight
The Nashville Sounds (Class AAA; Pacific Coast League) extended their Greer Stadium lease through 2016, but talks with the city for a new ballpark have ground to a halt. Both sides admit there have been no talks about a new ballpark since the Sounds released a viability study in December 2011, which laid out several […]
Bulls, Durham extend DBAP lease through 2033
Not that they were going anywhere, but the Durham Bulls (Class AAA; International League) extended their Durham Bulls Athletic Park lease through 2033, with two five-year options as well. The lease was not set to expire until 2015, but by coming to a lease agreement it allows the city and the Bulls to address one […]