A proposed Green Bay Bullfrogs (summer collegiate; Northwoods League) is back on track after Titletown Entertainment Group drops a request to borrow $3 million from the city for the project.
Titletown, owner of the Bullfrogs, is still seeking $1 million in tax-increment financing for the ballpark as well as a $1 purchase of 16.5 acres of land along the Fox River in downtown Green Bay. The total cost of the proposed 3,500-seat ballpark is expected to be $12 million.
The Bullfrogs had been working with the city’s Redevelopment Authority on a financing plan. The new plan puts more responsibility on the Bullfrogs to come up with additional private financing for the project. It also extends a planning option through April 15, 2012.
RELATED STORIES: Bullfrogs propose scaled-down ballpark; Owner: New Bullfrogs ballpark needs public investment; New Bullfrogs ballpark on hold; Bullfrogs put new-ballpark groundbreaking on hold; Green Bay approves Bullfrogs land plan; Royle: We’ve outgrown Joannes Stadium
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