A Prince William County supervisor continues to push for a public vote on a financing plan for a new Potomac Nationals (High A; Carolina League) ballpark, but in the process is seeking to totally overhaul the bonding plan in his opposition to any county participation in the process. (more…)
This won’t get a lot of play with the Royals bringing postseason play to Kansas City for the first time since 1985, but it should: debt refinancing on Kauffman and Arrowhead stadiums will save Jackson County $32 million. (more…)
Perhaps realizing a request for city funding was a nonstarter, Diamond Nation withdrew its request for Fredericksburg money on a new Hagerstown Suns (Low Class A; Sally League) ballpark and youth-baseball complex. (more…)
Here’s an interesting twist in discussions of a new Hartford ballpark for the New Britain Rock Cats (Class AA; Eastern League): It would be cheaper for the city to borrow the money and build the facility, as opposed to working with a private developer. Residents and some political leaders virulently opposed the original plan by […]
Offers of revenue-sharing are rarely taken up by municipalities, so it will be interesting to see if the offer by Diamond Nation to share revenues on a Fredericksburg, Va., baseball complex in exchange for upfront financing actually happens. Diamond Nation, a New Jersey firm seeking to develop a baseball complex in Fredericksburg that includes a […]
An alliance of 12 groups is protesting Cobb County spending on a new Atlanta Braves ballpark, arguing commissioners have not been open about where taxpayer money is committed to the project. The Atlanta Braves plan a new 2017 Cobb County ballpark and will be financing most of the project on their own. Cobb County has […]
Though Cobb County’s contribution to a new Atlanta Braves ballpark is capped, more public money in the form of state grants may be part of the final financial equation. The exact extent of any state aid is not yet known and will depend on exactly what form the final ballpark and development design takes. Basically, […]
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, […]
A revised financing plan for a new Hagerstown Suns (Low Class A; Sally League) ballpark in Fredericksburg (Va.) will discussed Tuesday by owner Bruce Quinn and a local negotiating team. The plan isn’t public, but we do know some things about it. The original plan called for the city to finance a new ballpark, with […]
The Peoria Chiefs (Low Class A; Midwest League) are reportedly seeking public assistance on debt remaining on Peoria Chiefs Stadium, as the team faces financial issues on the outstanding bank loan and property-tax fronts. There is $4.2 million of debt remaining on the ballpark, and the team has faced some financial issues in the last […]
Not only did Miami-Dade County agree to a Miami Marlins ballpark financing plan that will end up costing taxpayers over a billion dollars, the project ended up coming in under budget — with the Marlins pocketing the savings. Well, maybe not pocketing. But the fact is the Marlins and not the county will benefit from […]
Neither Tampa nor St. Petersburg holds an advantage when it comes to funding a new Tampa Ray Rays ballpark, as a study indicates existing revenue streams in both cities could be tapped without residents facing a tax increase. The Baseball Stadium Finance Caucus, a joint effort of the St. Petersburg and Tampa chambers of commerce, […]
The financing of a new downtown Hagerstown Suns (Low Class A; Sally League) ballpark got a little easier after an anonymous donor pledged $15 million toward the project. The donor, a former resident of Hagerstown now living as a retiree in Pennsylvania, asked for two things: naming rights for the facility and a statue. The […]
