A majority of Charlotte City Council members now support a proposed Charlotte Knights (Class AAA; International League) ballpark plan, with a vote scheduled for June 11. Seven of the 11 council members expressed support for a new funding plan that capped the city’s contribution at $7.25 million, all coming from tourism funds. A plan to […]
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City funding for Knights ballpark: iffy
Despite a naming-rights deal and indications that financing is almost in place for a new Charlotte Knights (Class AAA; International League) ballpark, some councilmembers are questioning city funding. City staff has recommended $8.5 million be paid toward the $54 million ballpark project: $6 million from hotel/motel taxes and $2.5 million in property-tax rebates from the […]
Economics of new Charlotte ballpark iffy: Mayor
Mayor Anthony Foxx threw some cold water on city funding of a new Charlotte Knights (Class AAA; International League) ballpark, saying any contribution to the project would be a hard sell. UNC-Charlotte professor John Connaughton told the Charlotte City Council two weeks ago that a new uptown ballpark would create 490 jobs annually (along with […]