Mark Roscioli Jr., owner of real estate investment firm 17 Mile LLC, continues to explore his options for a primary baseball tenant at Skylands Park after finalizing a deal to purchase the facility for $950,000. After learning that the park’s annual property tax liability has been lowered from $120,000+ to $30,000, we have more confidence in this effort. Read more here. Thanks to Johnny Regan for the story.
Tag Archives: New Jersey Cardinals
In positive new for the possible return of baseball to Sussex County (NJ), the sale of Skylands Park to Ardmore (PA)-based real estate investment firm 17 Mile LLC indeed closed on Friday, March 15. The facility sold for $950,000, plus $160,000 in overdue taxes and related fees. Skylands is the former home of the Single-A New Jersey Cardinals (New York-Penn League) and indy pro Sussex Skyhawks Continue reading
As real estate investment firm 17 Mile LLC looks to close next Friday on a deal to acquire Skylands Park, Steve Kalafer, chairman of the indy pro Somerset Patriots (Atlantic League), firmly dismissed any notion of an ABL feeder team coming Sussex County. More broadly, according to the New Jersey Herald, Kalafer issued a statement late Thursday saying “there is no value at this Continue reading
The deal to sell Skylands Park in Sussex County (NJ) to real estate investment firm 17 Mile is apparently not dead after all. Mark Roscioli, owner of Ardmore (PA)-based 17 Mile, says the closing has been rescheduled for Friday, March 15. Read more here.
After coming to terms earlier this month on the pending transfer of ownership of Skylands Park, the parties to the deal said last Thursday that the sale of the 4,200-seat ballpark, which was scheduled to be finalized on March 1, is apparently a no go. Read more here and here. Thanks to John Cerone for the story.
Matt Milano, a private investor who has no interest in returning baseball to Skylands Park, now holds the tax lien certificate to the vacant stadium after snatching it up for $159,946.23 at today’s auction. While baseball is not necessary done at the park, it could take a while to sort this one out. Millennium Sports Management, the stadium’s owner, could still redeem the property for a price within the next Continue reading
Currently vacant Skylands Park, former home of the defunct indy pro Sussex SkyHawks (Can-Am League) and relocated Single-A New Jersey Cardinals (New York-Penn League), will reportedly be connected to the new sewer system being built in Frankford Township (NJ). This appears to send a signal that the ballpark will live to fight another day, if a new tenant can be found. Read more here. Thanks to John Cerone for the link.
Millenium Sports Management Corp. continues to struggle to sell or find a new tenant for 4,200-seat Skylands Park, the former home of the indy pro Sussex Skyhawks (Can-Am League) and Single-A New Jersey Cardinals (New York-Penn League). Located in rural Frankford Township (NJ), Skylands remains for sale at $1.99 million. A request to lower the facility’s annual Continue reading
Skylands Park, the 17-year-old stadium owned and operated by Millenium Sports Management, is now for sale. The pricetag is $1,990,000. Now, that may not seem like much for a ballpark like Skylands, but the annual property tax bill in Frankford Township (NJ) has been coming in at around $121,000 on an assessed value of $6.7 million. Review our full report here from January. Thanks to Brian Merzbach for the news.