Economic development around Coolray Field, home of the Gwinnett Braves (Class AAA; International League), has failed to materialize, and the latest proposal has locals up in arms. One of the rationales for Gwinnett County to fund the $64-million ballpark was the potential of attracting additional development. And, indeed, there was a proposed development on the […]
Tag Archives | debt service
State Comptroller: Ramapo skirted laws in financing new ballpark
Ramapo (N.Y.) misused local development funds in financing Provident Bank Park, home of the Rockland Boulders (independent; Can-Am League), and will have difficulties in covering debt service on the facility, according to a draft audit from the state comptroller’s office. The draft, which will be final after Ramapo officials have a chance to respond. says […]
Manchester struggles with ballpark debt
Despite projections that revenues from a new Manchester, N.H. ballpark for the New Hampshire Fisher Cats (Class AA; Eastern League) would be enough to cover debt, they’re not, so residents are paying the difference. When planned in 2006 and 2007, debt service for Northeast Delta Dental Stadium was projected to be covered by rent from […]