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Proposed Wilmington lease: Mandalay will pay 12 percent of debt service

In first discussions about a lease for a new Wilmington (N.C.) ballpark, Mayor Bill Saffo has floated the idea that Mandalay Baseball Properties would pay 12 percent of the overall debt service associated with the Class A facility. Wilmington has entered into exclusive negotiations with Mandalay and the Atlanta Braves over the finances of the […]

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Wilmington to move forward with ballpark talks

The Wilmington (N.C.) City Council voted to move forward with negotiations on a new downtown ballpark for an Atlanta Braves farm team during its Tuesday night meeting. Per the Memorandum of Understanding (MOU) unanimously passed, the city will exclusively negotiate a new ballpark development plan with Mandalay Baseball Properties and the Atlanta Braves over the […]

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Wilmington to discuss new Braves ballpark tomorrow night

A proposed Wilmington (N.C.) ballpark will be on the agenda for the City Council tomorrow night, though there will be no vote on the plan. Specifically, according to the city Website, the council will discuss: Resolution Authorizing the City Manager to execute a Memorandum of Understanding with Mandalay Baseball Properties, LLC (MBP) and the Atlanta […]

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Wilmington looks at development deal with Braves, Mandalay

The off-again, on-again Wilmington (N.C.) ballpark project is back on, as the city is reviewing a potential memorandum of understanding for a ballpark development with the Atlanta Braves and Mandalay Baseball Properties. The potential economic deal was announced at a press conference today. The proposal is for a 6,000-seat, $35-million to $40-million ballpark near the […]

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