After several years of work on financing for a new $18-million McHenry County K-Nines (independent; Frontier League) ballpark, team owners have returned bonding money to the county, as the project has stalled.
The plan was to build the new ballpark as part of a development that includes a gravel pit and possibly the new grounds for a county fair. The gravel pit is up and running, but there’s been no work on the ballpark. Federal bonding of $3.5 million was returned to the county last fall, and while EquityOne Sports Development’s Mark Houser says he’s working on a financing plan, he admits things are pretty bleak:
“It really just comes down to finding the financing, which is difficult in today’s market,” Houser told the Northwest Herald. “… It’s a very tough market right now to get that financing, and especially for something that’s unique like a stadium.”
RELATED STORIES: McHenry County ballpark may be delayed; Woodstock approves new Frontier League ballpark
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