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Nashville: We want to make sure there’s development with new Sounds ballpark

A Metro Council committee threw the Nashville Sounds (Class AAA; Pacific Coast League) a serious curveball today, debating whether to require the team to cover debt should associated development next to a new ballpark not happen. The funding plan for the new Sounds ballpark calls for the city to pay $37 million in construction costs, […]

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Could Aces end up leaving Reno?

With the Reno City Council rescinding a plan to pay $30 million toward Aces Ballpark debt, a threat made by team owner Herb Simon is thrust back into the spotlight: Would be follow through on a plan to move the Reno Aces (Class AAA; Pacific Coast League)? Simon is a multibillionaire, worth approximately $2.2 billion, […]

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More financial woes for W-Tornadoes; team uniforms seized

Worcester Tornadoes (independent; Can-Am League) uniforms were seized and replaced by league-supplied Grays traveling unis, as a local vendor attempts to collect on a $32,562 debt. The local Hilton Garden Inn filed suit against the team and owner Todd Breighner over nonpayment, saying that attempts to settle the debt ended with bounced checks and broken promises. A […]

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Development and ballparks: today’s good and bad news

A development expected to help pay off debt on Camelback Ranch-Glendale is going into foreclosure as the developers enters bankruptcy, while the St. Louis Cardinals are finally ready to go ahead with the long-awaited Ballpark Village. Two tales of the sometimes awkward marriage between ballpark financing and development. First, the good news. The St. Louis […]

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