We’ve seen several high-profile ballpark projects launched with the goal of economic development in hand. The consistent criticism: what if the development goes bad? As we can see in Papillion, a properly structured ballpark financial plan will shield taxpayers and isolate risk even if the development fails to take off. (more…)
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Funding plan emerges for Werner Park
Though Werner Park, the new home of the Omaha Storm Chasers (Class AAA; Pacific Coast League), is slated to open next April, Sarpy County is still finalizing a long-term financing plan for the ballpark — and it looks like a plan is in place. The plan involves tax-increment financing (or the Nebraska version of it, […]