A proposal by Gov. Jerry Brown to kill California‘s redevelopment agencies could also end up killing a proposed new ballpark for the Tucson Padres (Class AAA; Pacific Coast League) in Escondido, as the state grapples with a crippling financial crisis and casting for ways to close a budget deficit.
The proposal would close all 425 city and county redevelopment agencies and shift their revenues to schools and city governments, presumably to be used to deliver basic services. The development agencies work in basically the same way: they use tax-increment financing to finance development, with future development funds used to back bonds for new projects.
And it is tax-increment financing envisioned to finance a new ballpark for the former Portland Beavers, playing this season and next in Tucson. Though T-Pods ownership in the form of Jeff Moorad and crew did come to a memo of understanding with the Council on the finances of a new ballpark, it was not close to a final agreement: it specifically directed city workers to a proposed contract as a “template” for further negotiations.
The proposal by Brown is not final, and it’s sure to be opposed by most city governments. But the state of California is in some serious, serious financial straits, and it’s not as though this move wasn’t telegraphed last year: in July we wrote “the state has the right to seize these funds to balance the state budget.” in a warning about the speculative quality of the financing.
RELATED STORIES: New for 2011: Tucson Padres; Escondido approves Triple-A ballpark — with reservations; Moorad group, Escondido sign MOU for new ballpark; Escondido council fills vacancy in advance of ballpark vote; Crunch time for new Escondido ballpark; Padres raise ante in Escondido ballpark negotiations; Escondido ballpark vote delayed again; new council will decide; Padres make it official: Beavers to Tucson in 2011; Election shows mixed support for new Escondido ballpark; Tuesday elections could determine fate of Bevos; Bevos to Tucson for 2011; Escondido ballpark vote delayed after pollution found at site; Fate of Bevos in the air until November, maybe December; Padres pitch one-sided lease to Escondido; Escondido: Show us some money, Padres; Escondido in, San Marcos out of Bevos ballpark mix; Portland Beavers to…Lake Elsinore?; Could bidding war erupt for Bevos?; Portland Bevos update: Tucson-bound?; Come 2011, where will Beavers play?; Paulson finalizes deal for PGE Park soccer conversion; whither the Bevos?; Paulson withdraws bid for Bevos ballpark in Beaverton; Decision on Bevos ballpark could go to Beaverton voters; Beaverton, Bevos reach agreement on new ballpark sans site; Land woes could kill Bevos ballpark in Beaverton; Picketers greet pro-Beavers rally in Beaverton; Landowners not thrilled with Beaverton Bevos ballpark plan; Bevos eye Beaverton for new ballpark site; Paulson withdraws request for Bevos ballpark in Lents; Portland to move ahead with soccer renovation, put off plans for Bevos ballpark; Thursday vote could determine Bevos ballpark fate; New Beavers ballpark lacks support on City Council; Bevos, city close to final funding proposal for new ballpark; Rose Quarter location officially off the table for new Bevos ballpark; Bevos ballpark plans back up in the air — and maybe doomed; Portland ballpark vote delayed as mayor adjusts site, financial plans; New Beavers ballpark wouldn’t happen until 2012 — at the earliest; Cost of Portland redevelopment mushrooms to almost $300 million; Crunching the numbers on a new Bevos ballpark; Portland proposes tearing down Memorial Coliseum for new Bevos ballpark; Portland City Council votes to move ahead with new Bevos ballpark — but takes $15 million from the equation; Paulson agrees to Portland’s financial demands; still may not be enough; Bevos ballpark plan runs into serious financial obstacles; Portland task force gives preliminary approval to new Bevos ballpark — with plenty of conditions; Portland ballpark discussion shifts to Rose Quarter; Decision on new Bevos ballpark location delayed; Will new ballpark fly in Lents?
Share your news with the baseball community. Send it to us at firstname.lastname@example.org.
This article first appeared in the weekly Ballpark Digest newsletter. Are you a subscriber? You can sign up for a free subscription at the Newsletter Signup Page.