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 […]
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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 […]
Why Peoria loves spring training: $5.2 million
Why the economics of spring training leads cities to strike deals with Major League Baseball clubs: Peoria (Az.) Sports Complex tallied $5.2 million in revenue this past spring. Peoria Stadium is the spring home of the Seattle Mariners and San Diego Padres, so it’s busy virtually every day of spring training. In a report made […]