Ballpark Digest
The Business of Ballparks and Baseball in Major League Baseball, Minor League Baseball, Indy, Summer Collegiate and College
Debt on Target Field, home of the Minnesota Twins, could be paid off a decade early thanks to a robust economy generating higher-than-anticipated sales-tax receipts, lower interest rates and refinancing of the original bonds used to back the project. (more…)
MLB and the Minnesota Twins unveiled the 2014 All-Star Game logo, featuring a silhouette of Target Field in front of a downtown-Minneapolis skyline. “The Twins are honored to host the 2014 All-Star Game Events,” said Twins Owner and CEO Jim Pohlad. “Even before opening Target Field in 2010, we dreamed of hosting this incredible event. […]
Here’s why you build ballparks when construction and interest costs are low: the debt on Target Field, home of the Minnesota Twins, has been reduced by $53.7 million after the Minnesota Ballpark Authority took advantage of favorable market conditions. The savings were mostly realized by prepaying variable-rate debt on the ballpark, but having a steady […]