After a contentious fight to bring in the Washington Nationals, it looks like Nationals Park advocates were right: the ballpark’s economic impact is generating a profit for the District of Columbia. Never mind the economic impact in the area around the ballpark — it’s been slow to come, but it is indeed coming. The bottom […]
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McCourt’s profit on Dodgers ownership: a cool billion
After the dust settles on the $2-billion sale of the Los Angeles Dodgers and Dodger Stadium, it looks like Frank McCourt could walk away from the deal with a cool billion-dollar profit. The math is pretty simple. Guggenheim Baseball Management LLC is paying $1.6 billion for the franchise and the ballpark and paying $400 million […]