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 […]
Tag Archives | refinancing
Attempt to refinance Tulsa ballpark debt thwarted by foes
An attempt to refinances ONEOK Field debt has been blocked by opponents of the downtown assessment district paying down debt on the home of the Tulsa Drillers (Class AA; Texas League). It is a unique situation, one that requires a little backstory. When it came time to pay for ONEOK Field, city officials set up […]