The Charlotte Knights (Class AAA; International League) met a deadline for submitting a ballpark-financing plan to Mecklenburg County, meeting a key deadline for a new Uptown ballpark. As part of the agreement with Mecklenburg County for land and $8 million in infrastructure improvements. the Knights needed to submit a financing plan for a new ballpark […]
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Next up for Charlotte Knights: a ballpark financing plan
With city funding of a new Charlotte Knights (Class AAA; International League) ballpark assured, the team has one more huge hurdle: finalizing a financing plan before the end of the month. That’s quite a deadline, but one that team VP Dan Rajkowski has been preparing for since Mecklenburg County first approved its funding contribution to […]
Developers looking at Charlotte investments after Knights ballpark approved
There has already been an immediate effect to the city’s decision to partially fund a new Charlotte Knights (Class AAA; International League): developers are making offers to Uptown property owners. Joanna Sikiotis, owner of Green’s Lunch, says she’s been approached by developers who want to buy the 86-year-old eatery and redevelop the property. She’s not […]
Charlotte approves $8M for new Knights ballpark
Barring some unexpected circumstances, we should see a new Charlotte Knights (Class AAA; International League) ballpark in 2014 after the City Council approved an $8M contribution. Last night the City Council voted 7-4 to contribute $8 million over 20 years toward a new Uptown ballpark — $7.25 in tourism taxes and $750,000 from Central City […]
Majority of Charlotte council members supports Knights ballpark
A majority of Charlotte City Council members now support a proposed Charlotte Knights (Class AAA; International League) ballpark plan, with a vote scheduled for June 11. Seven of the 11 council members expressed support for a new funding plan that capped the city’s contribution at $7.25 million, all coming from tourism funds. A plan to […]
Knights notch another major sponsor
With city politicians still debating whether to help fund a new Charlotte Knights (Class AAA; International League) ballpark, the team has signed another major sponsor: Piedmont Natural Gas. The Charlotte-based firm is the first founding partner for a proposed uptown Charlotte ballpark. Mecklenburg County has already committed $8 million and a low-cost land lease for the […]
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 […]
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 […]
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 […]
Reese returns with another anti-Knights lawsuit
Jerry Reese, who single-handedly delayed an Uptown ballpark for the Charlotte Knights (Class AAA; International League) with five tossed lawsuits, is back with yet another lawsuit. Reese, a local attorney who opposed a new Knights ballpark because he thinks Major League Baseball should instead set up shop in Charlotte, alleges in the new lawsuit that […]
Economics of new Charlotte ballpark iffy: Mayor
Mayor Anthony Foxx threw some cold water on city funding of a new Charlotte Knights (Class AAA; International League) ballpark, saying any contribution to the project would be a hard sell. UNC-Charlotte professor John Connaughton told the Charlotte City Council two weeks ago that a new uptown ballpark would create 490 jobs annually (along with […]
Economics of new Charlotte ballpark questioned
Though an economist spoke favorably of an uptown Charlotte Knights (Class AAA; International League) ballpark, it didn’t take long for other economists to question his findings. UNC-Charlotte professor John Connaughton told the Charlotte City Council last week that a new uptown ballpark would create 490 jobs annually (along with a couple-hundred construction jobs) and bring […]
Knights make economic case for city funding of new ballpark
Armed with a study that predicted a tangible economic impact from a new Charlotte Knights (Class AAA; International League) ballpark, the City Council invited team management to pitch for city funding. The Knights are looking at a $55-million ballpark in uptown Charlotte. Mecklenburg County has already pledged land and $8 million, with some conditions — […]