A potential Boomers Stadium ownership change took a step forward this week, as Schaumburg officials moved closer to assuming full ownership of the Schaumburg Boomers (independent; Frontier League) home.
Discussions have been unfolding about the possibility of a change to the ownership arrangement for Boomers Stadium. The ballpark is jointly owned by the Village of Schaumburg and the Schaumburg Park District, with the Boomers serving as its primary tenant, but the co-owners are now working out an arrangement that would see the village assume full control of the facility.
That process took a step forward on Tuesday, when village trustees opted by a 4-2 margin to recommend a deal that allows the park district to pay $1 million in order to relinquish its 50% ownership share in the ballpark. The agreement is not official yet, though trustees could give their final approval of the deal next week. More from the Daily Herald:
Schaumburg village trustees have voted 4-2 to recommend approval of an agreement allowing the Schaumburg Park District to relinquish its half ownership of Schaumburg Boomers Stadium through a onetime payment of $1 million to the village.
Park commissioners already have given their final approval to the agreement, and village trustees are expected to follow suit Oct. 22.
But on Tuesday, Village Trustees Frank Kozak and George Dunham voted against the agreement because it allows the park district to retain its access to a suite at the 20-year-old ballpark in perpetuity. Kozak and Dunham wanted the access cut off after five years.
While others trustees understood the sentiment, they believed it isn’t worth renegotiating an agreement the park board had already approved.
The village and park district have jointly owned the ballpark since it opened in 1999.