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SWB Yankees sold

It’s official: the Scranton/Wilkes-Barre Yankees (Class AAA; International League) franchise has been sold to Mandalay Baseball Properties and the New York Yankees for $14.6 million. The sale was finalized this morning by the Lackawanna County Multi-Purpose Stadium Authority. The proceeds from the sale will immediately go toward the renovation of PNC Field, which could begin as […]

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PNC Field renovation could begin Friday

Time is a-wastin’: the renovation of PNC Field, home of the Scranton/Wilkes-Barre Yankees (Class AAA; International League), could begin Friday if a sale of the team is approved today. Last night Lackawanna County commissioners and the Multi-Purpose Stadium Authority held a public hearing to go over the $14.6 million sale of the SWB Yankees to Mandalay […]

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Details of SWB Yanks ballpark lease emerge

The Scranton/Wilkes-Barre Yankees (Class AAA; International League) will cover cost overruns and contribute to future maintenance of PNC Field while paying higher rent, as details of a new lease becomes public. Lackwanna County and the Multi-Purpose Stadium Authority will be considering a proposed lease for a renovated PNC Field; Mandalay Baseball Properties and the New York […]

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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 […]

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Knights sign BB&T for new-ballpark naming rights

The Charlotte Knights (Class AAA; International League) unveiled a naming-rights partner for a proposed new Uptown ballpark: BB&T Corp. Under the agreement, the ballpark will carry the BB&T name and include signage and other promotional opportunities, starting when the Knights are scheduled to begin play in April 2014. It would be the second Minor League Ballpark […]

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Gwinnett County: No compromises on ballpark development

An effort to scale back promised development at Coolray Field, home of the Gwinnett Braves (Class AAA; International League), is meeting with resistance from local residents and elected officials. Part of the rationale for the $64-million county investment in Coolray Field was the promise of associated development by the developer who sold the land to […]

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Rose steps down as SWB Yankees prez

Kristen Rose has stepped down as president of the Scranton/Wilkes-Barre Yankees (Class AAA; International League) amid reports that a sale of the team is at hand. Rose will be a new executive vice president of Mandalay Baseball Properties, one of the two parties buying the SWB Yankees. “I have enjoyed my time as President of the […]

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City OK’s Knights funding request, at lower level

Charlotte (N.C.) city officials refined a plan to help fund a new Charlotte Knights (Class AAA; International League) ballpark, adding hotel/motel taxes to mix and dropping the total to $8.5 million. The Knights originally requested $11 million coming from property-tax increases in the ballpark area; this number was later reduced to $9 million by city […]

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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 […]

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