Top Menu

Knights meet deadline for ballpark-financing plan

New Charlotte Knights ballpark

The Charlotte Knights (Class AAA; International League) met a deadline for submitting a ballpark-financing plan to Mecklenburg County, meeting a key deadline for a new Uptown ballpark.

As part of the agreement with Mecklenburg County for land and $8 million in infrastructure improvements. the Knights needed to submit a financing plan for a new ballpark by July 1. And a submission was made. Nothing too radical: we already know about the naming-rights deal with BB&T and a sponsorship with Piedmont Gas, along with information on negotiations for two more prime sponsors. New: a loan commitment letter for $45 million and a commitment from Knights owner Don Beaver for $15 million. You can read a summary of the funding sources here:

Assuming the county accepts the information — and we have no reason to assume they won’t — work will proceed on the ballpark. Tonight the county commissioners will discuss the funding plan. If the approve, we could see a fall groundbreaking and a 2014 opening.

Rendering courtesy of the Charlotte Knights.

RELATED STORIES: Next up for Charlotte Knights: a ballpark financing planCharlotte approves $8 million for new Knights ballparkReese to try once again to torpedo new Charlotte ballparkMajority of Charlotte council members supports Knights ballpark fundingKnights notch another major sponsorKnights sign BB&T for new-ballpark naming rightsCity OK’s Knights funding request, at lower levelCharlotte outlines ballpark funding planKnights: We’ve met big condition for new ballparkReese returns with another anti-Knights lawsuitEconomics of new Charlotte ballpark iffy: MayorEconomic of new Charlotte ballpark questionedKnights make economic case for city funding of new ballparkCharlotte may help fund new Knights ballparkMore legal silliness in CharlotteBack from the dead! Mecklenburg Co. moves forward with Knights ballparkRising from the ashes: A new Knights ballpark


Share your news with the baseball community. Send it to us at

Are you a subscriber to the weekly Ballpark Digest newsletter? You can sign up for a free subscription at the Newsletter Signup Page.

Join Ballpark Digest on Facebook and on Twitter!

Follow Ballpark Digest on Google + and add us to your circles!

, , , , , ,