The home of the Fort Wayne TinCaps (Low A; Midwest League) is keeping its name for five more years, as the naming-rights deal for Parkview Field has been extended.
Parkview Health has been the naming-rights partner for the downtown Fort Wayne ballpark through its history. The original 10-year agreement that began with the ballpark’s opening in 2009 expired after the 2018 season, but it included a five-year option to extend the pact.
That option for an extension has been exercised, with Parkview set to continue paying $300,000 annually. More from The News-Sentinel:
The original 10-year, $3 million naming-rights deal expired after the TinCaps completed play this season, but that agreement gave Parkview Health the option to extend the agreement for another five years at the same $300,000-a-year rate.
Half of Parkview’s annual payments will continue to go to the city’s Redevelopment Commission, which uses the money to maintain and improve the facility. The other half goes to the TinCaps, and the team agrees not to allow advertising by any other area hospital within the stadium or to use the TinCaps name or logo. The 2009 agreement does not include an extension clause beyond the additional five years.
Since its opening, Parkview Field has stood out not only as a ballpark, but as a venue for events on a year-round basis and an anchor for development in downtown Fort Wayne. We took a look at the team and the ballpark’s success recently, when we awarded the TinCaps our 2018 Continued Excellence honor.