The issue of back property taxes — a cloud hanging over the finances of the Reno Aces (Class AAA; Pacific Coast League), Aces Ballpark and Washoe County — may be settled in a deal negotiated by team owners, developers and county officials. (more…)
Tag Archives | property taxes
Aces finances under Reno’s scrutiny again
The ongoing issues between the Reno Aces (Class AAA; Pacific Coast League) and the city over Aces Ballpark financing and back property taxes have surfaced again, with team management set to address them in February. (more…)
Diamond Nation: Front us more money, and we’ll share ballpark revenues
Offers of revenue-sharing are rarely taken up by municipalities, so it will be interesting to see if the offer by Diamond Nation to share revenues on a Fredericksburg, Va., baseball complex in exchange for upfront financing actually happens. Diamond Nation, a New Jersey firm seeking to develop a baseball complex in Fredericksburg that includes a […]
Rock Cats avoid eviction, pay property taxes
The New Britain Rock Cats (Class AA; Eastern League) won’t be evicted from New Britain Stadium after owner Josh Solomon delivered a $164,569 check to pay back taxes and settle city concerns. New Britain officials had threatened to evict the Rock Cats for unpaid taxes. The team’s lease calls for a payment to New Britain […]
PBC moves forward with Astros, Nationals spring-training camp
Although Palm Beach County commissioners voted to move ahead with planning on a spring-training complex for the Houston Astros and Washington Nationals, several funding pieces need to fall into place before the first shovel of dirt is turned. The commissioners voted to move forward with a deal with the two teams for a complex that […]
Reno airport authority: Don’t expect us to bail out Aces ballpark
As Washoe County struggles to find some money for the Reno Aces (Class AAA; Pacific Coast League), the local airport authority is clear on one thing: Don’t raise car-rental taxes to pay for the ballpark. Aces ownership has been open about asking Washoe County to come up with $1.5 million annually to pay down debt […]
Aces, Washoe County continue debate over property taxes
Owners of the Reno Aces (Class AAA; Pacific Coast League) and Washoe County continue to debate over property taxes owed on Aces Ballpark. Technically, the Aces owe the county $1.6 million in back property taxes, including $1.2 million in penalties. The Aces, meanwhile, say the county has overvalued the ballpark, so property taxes should be […]
City OK’s Knights funding request, at lower level
Charlotte (N.C.) city officials refined a plan to help fund a new Charlotte Knights (Class AAA; International League) ballpark, adding hotel/motel taxes to mix and dropping the total to $8.5 million. The Knights originally requested $11 million coming from property-tax increases in the ballpark area; this number was later reduced to $9 million by city […]
Ricketts: Time to talk Wrigley Field public funding again
If it’s spring, it’s time for Tom Ricketts to once again call for public funding of renovations to Wrigley Field, home of the Chicago Cubs. It’s been a constant theme for Ricketts since buying the Cubs and the historic ballpark: that Wrigley Field needs work, and the public should pick up at least $200 million […]
State turns down Reno ballpark tax appeal
Because the Reno Aces (Class AAA; Pacific Coast League) have a year-round lease on Aces Ballpark, owners can’t seek a property-tax reduction based on partial ballpark usage, according to a state panel. The Aces ownership had sought a reduction in property values using a unique argument: because the ballpark is being used only part of […]