The Virginia Beach City Council unanimously approved a land lease for a new privately financed Atlantic League ballpark, set to open in 2015. The plan from Virginia Beach Professional Baseball LLC calls for a $40-million, 5,000-seat ballpark and sports complex. Piper Jaffray is lined up to issue $43.7 million in bonds; according to the proposal […]
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Virginia Beach group seeking land, infrastructure for new ballpark
A proposed privately financed Virginia Beach ballpark for an independent Atlantic League team could move closer to reality under a plan to be considered by the city council tomorrow. The plan from Virginia Beach Professional Baseball LLC calls for a $50-million, 5,000-seat ballpark and sports complex ($21 million for the ballpark, $7.7 million for commercial development, […]
Virginia Beach awarded Atlantic League franchise — but financing for ballpark remains
A group seeking to bring pro baseball to Virginia Beach has received conditional approval from the independent Atlantic League, but financing for the $25-million ballpark/youth baseball project is still up in the air. The group, Virginia Beach Professional Baseball, LLC, is looking to build a 6,000-seat ballpark near the existing Sportsplex. The ballpark would be […]