The Peoria Chiefs (Low Class A; Midwest League) have sold naming ballpark rights to Caterpillar under a 10-year, $2-million deal, with result being Dozer Park. “The company was founded on the bulldozer,” said Jim Baumgartner, Director of Corporate Affairs. “We wanted to choose something that represents Caterpillar’s heritage but also represents Peoria. This is our […]
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Peoria approves Chiefs debt restructuring
The Peoria City Council easily approved a $1.2-million debt-reduction package for the Peoria Chiefs (Low Class A; Midwest League), clearing the way for the team to restructure some $7.35 million in debt. The proposal, which passed 9-1, wipes out debt owed to the city on Peoria Chiefs Stadium. With city approval, private lenders will move […]
Peoria set to discuss Chiefs bailout plan tonight
A proposal to restructure debt on Peoria Chiefs Stadium, home of the Peoria Chiefs (Low Class A; Midwest League), will be discussed by the Peoria City Council tonight. The city is being asked to forgive $1.2 million on Chiefs ballpark debt as part of a larger debt-restructuring deal, with private lenders retiring and restructuring much […]
Chiefs face financial problems on ballpark debt
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 […]
Chiefs to plant palms Monday
It’s one of the more endearing traditions in Minor League Baseball: the Peoria Chiefs (Low Class A; Midwest League) will be planting palm trees at Peoria Chiefs Stadium on Monday. The nine Queen Palms are currently en route from Florida and will be planted in the left-field berm at 7 a.m. on Monday, April 16. The […]