Financing issues may push back the opening of a Frontier League ballpark in Woodstock, Ill., to 2012.
The proposed new home of the McHenry County K-Nines (independent; Frontier League) may be pushed back to 2012 if long-awaited financing for the project doesn't come through by next month.
EquityOne Sports had proposed building the ballpark using $15 million in McHenry County bonding authority; this allows EquityOne to pay back the bonds at a more attractive interest rate than found in the private market. Part of that request came through — $3.5 million — and the rest could come back in the next round of bonding. But if the money doesn't come through before the end of July, the ballpark project will need to be put off a year.
The ballpark is slated to sit at the corner of Route 14 and Lake Shore Drive in Woodstock, Ill.
Besides EquityOne, longtime baseball execs Bill Terlicky and Peter Heitman are involved in the McHenry County effort.
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