Category Archives: Money & Financials

Newark Looks for New Tenant, Bears Former Owner Looks to New Fall League Venture

Newark Bears LogoWith the indy pro Newark Bears (Can-Am League) now just a memory, the city of Newark and Essex County, both on the hook for more than $2 million in annual debt obligations on Riverfront Stadium until 2029, continue to scramble to find a new tenant.  Meanwhile, former Bears owner Doug Spiel says he plans to join three friends in launching a four-team fall league for rookie-level players in Arizona next September.  Read more here.

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Filed under League & Franchise, Lease & Contracts, Money & Financials, Stadium Issues

Rock Cats Avert Eviction, Pay Tax Bill

New Britain Rock Cats LogoJosh Solomon, owner of the Double-A New Britain Rock Cats (Eastern League), showed up at city hall Wednesday afternoon with a check for $164,569, paying off the tax bill on New Britain Stadium and keeping the team’s lease valid.  Read more here.

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Filed under Lease & Contracts, Money & Financials, Stadium Issues

Fredericksburg Ballpark Developers Make New Offer to Save Project

Hagerstown Suns LogoThe partners seeking to build a baseball stadium complex in Celebrate Virginia South for the relocating Single-A Hagerstown Suns (South Atlantic League) sent a letter to Fredericksburg officials this morning, making additional offers in an effort to find a way to address $18 million in costs that were unanticipated.  Read more here.

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Filed under Design & Construction, Money & Financials, Stadium Issues

No Sports Authority Money for Cactus League Complexes?

Cactus League LogoGlendale and Goodyear (AZ) may not receive any of the $100 million-plus in repayments the cities were promised for Cactus League baseball complexes, because tax revenue used to pay them continues to fall below original projections.  Read more here.

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Filed under Design & Construction, Money & Financials, Stadium Issues

Fredericksburg Ballpark $18M Short

Hagerstown Suns LogoThe partners seeking to build a baseball stadium in Fredericksburg for the relocating Single-A Hagerstown Suns (South Atlantic League) are roughly $18 million short in funding and may not go forward with the project without additional financial help.  Read more here.

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Filed under Design & Construction, Money & Financials, Stadium Issues

Despite Challenges, RiverSharks Committed to Campbell’s Field

Camden Riversharks LogoDespite the challenge of drawing fans to Camden (NJ) and a lawsuit from Santander Bank, which contends the team’s owner, Camden Baseball LLC, has defaulted on more than $4.6 million for financing of Campbell’s Field, the indy pro Camden Riversharks (Atlantic League) have a positive outlook about the team’s future in the market.  Read more and watch video here.  Thanks to John Cerone for the link.

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Filed under Legal, Money & Financials, Rankings & Attendance

Pecos League Wrap Up

Pecos League LogoThe fourth season of the Pecos Leagues came to a close Friday, when the Santa Fe Fuego defeated the Alpine Cowboys 7-3 in Game 3 of the league championship series.  Below is the unedited off-field report issued by the league for each of the 10 teams playing in 2014. Continue reading

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Filed under League & Franchise, Money & Financials, Rankings & Attendance