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Grasshoppers evaluating purchase of NewBridge Bank Park

NewBridge Bank Park, Greensboro

The Greensboro Grasshoppers (Low Class A; Sally League) ownership is evaluating whether to exercise an option to buy their home, NewBridge Bank Park.

When the ballpark was built in 2005 for $22.6 million, the Grasshoppers negotiated an option to buy the facility down the road from the Joseph M. Bryan Foundation. Getting the new ballpark built was one of the more complex transactions in recent years for ballpark construction, involving land swaps and some nontraditional financing plans. Since then the Grasshoppers franchise has been a flagship both in the Sally League and all of Minor League Baseball, drawing solid crowds to a well-run facility; the front office, led by Donald Moore and Katie Dannemiller, is one of the best in baseball.

Whether or not a purchase is completed will probably depend on the asking price for the facility; its value is currently being appraised.


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