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Developers looking at Charlotte investments after Knights ballpark approved

There has already been an immediate effect to the city’s decision to partially fund a new Charlotte Knights (Class AAA; International League): developers are making offers to Uptown property owners. Joanna Sikiotis, owner of Green’s Lunch, says she’s been approached by developers who want to buy the 86-year-old eatery and redevelop the property. She’s not […]

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Knights notch another major sponsor

With city politicians still debating whether to help fund a new Charlotte Knights (Class AAA; International League) ballpark, the team has signed another major sponsor: Piedmont Natural Gas. The Charlotte-based firm is the first founding partner for a proposed uptown Charlotte ballpark. Mecklenburg County has already committed $8 million and a low-cost land lease for the […]

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City funding for Knights ballpark: iffy

Despite a naming-rights deal and indications that financing is almost in place for a new Charlotte Knights (Class AAA; International League) ballpark, some councilmembers are questioning city funding. City staff has recommended $8.5 million be paid toward the $54 million ballpark project: $6 million from hotel/motel taxes and $2.5 million in property-tax rebates from the […]

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City OK’s Knights funding request, at lower level

Charlotte (N.C.) city officials refined a plan to help fund a new Charlotte Knights (Class AAA; International League) ballpark, adding hotel/motel taxes to mix and dropping the total to $8.5 million. The Knights originally requested $11 million coming from property-tax increases in the ballpark area; this number was later reduced to $9 million by city […]

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Charlotte outlines ballpark funding plan

A Charlotte (N.C.) City Council committee will debate today a proposal to help fund a new Charlotte Knights (Class AAA; International League) Uptown ballpark, contingent on the team arranging private financing. The plan, to be discussed today by the council’s economic development committee, calls for $9 million to be paid to the team after 2015, with half […]

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Economics of new Charlotte ballpark questioned

Though an economist spoke favorably of an uptown Charlotte Knights (Class AAA; International League) ballpark, it didn’t take long for other economists to question his findings. UNC-Charlotte professor John Connaughton told the Charlotte City Council last week that a new uptown ballpark would create 490 jobs annually (along with a couple-hundred construction jobs) and bring […]

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Knights make economic case for city funding of new ballpark

Armed with a study that predicted a tangible economic impact from a new Charlotte Knights (Class AAA; International League) ballpark, the City Council invited team management to pitch for city funding. The Knights are looking at a $55-million ballpark in uptown Charlotte. Mecklenburg County has already pledged land and $8 million, with some conditions — […]

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