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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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Poll: Wilmington residents overwhelmingly oppose public financing of new ballpark

A poll of 300 registered voters in Wilmington, N.C., indicated broad opposition to city financing of a new ballpark for an Atlanta Braves farm team — but don’t take it too seriously just yet. The proposal calls for a $40-million waterfront ballpark in downtown Wilmington, as part of a larger development. A High Class A […]

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Proposed Wilmington lease: Mandalay will pay 12 percent of debt service

In first discussions about a lease for a new Wilmington (N.C.) ballpark, Mayor Bill Saffo has floated the idea that Mandalay Baseball Properties would pay 12 percent of the overall debt service associated with the Class A facility. Wilmington has entered into exclusive negotiations with Mandalay and the Atlanta Braves over the finances of the […]

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Ottawa baseball bid losing steam?

The schedule for a city-designed bidding process for Ottawa Stadium is reportedly slipping, as the push to bring an Eastern League club to the Canadian capital may be slowing down even further. We noted last month that a prime topic of chatter at the Winter Meetings was a lack of progress in bringing a Double-A […]

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Clark County reverses course; will exclusively negotiate with Bears

Upon further review, the three-person Clark County (Wash.) Board of Commissioners will exclusively negotiate the terms of a new ballpark with the Yakima Bears (short season; Northwest League) ownership, Short Season LLC. The decision was split — two commissioners for, one commissioner against — and it’s pretty clear the commissioner against, Tom Mielke, will be […]

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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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