There has already been an immediate effect to the city’s decision to partially fund a new Charlotte Knights (Class AAA; International League): developers are making offers to Uptown property owners. Joanna Sikiotis, owner of Green’s Lunch, says she’s been approached by developers who want to buy the 86-year-old eatery and redevelop the property. She’s not […]
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Charlotte approves $8M for new Knights ballpark
Barring some unexpected circumstances, we should see a new Charlotte Knights (Class AAA; International League) ballpark in 2014 after the City Council approved an $8M contribution. Last night the City Council voted 7-4 to contribute $8 million over 20 years toward a new Uptown ballpark — $7.25 in tourism taxes and $750,000 from Central City […]
Charlotte outlines ballpark funding plan
A Charlotte (N.C.) City Council committee will debate today a proposal to help fund a new Charlotte Knights (Class AAA; International League) Uptown ballpark, contingent on the team arranging private financing. The plan, to be discussed today by the council’s economic development committee, calls for $9 million to be paid to the team after 2015, with half […]
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 […]
Economics of new Charlotte ballpark questioned
Though an economist spoke favorably of an uptown Charlotte Knights (Class AAA; International League) ballpark, it didn’t take long for other economists to question his findings. UNC-Charlotte professor John Connaughton told the Charlotte City Council last week that a new uptown ballpark would create 490 jobs annually (along with a couple-hundred construction jobs) and bring […]