PRESS RELEASE – Ventura Sports Group is proud to announce, in partnership with Wallace Bajjali and the East Montgomery County Improvement District (EMCID) that professional minor league baseball will soon be played in Montgomery County, Texas. Mark Schuster, Managing Partner of Ventura Sports Group stated “The net winner in this partnership will be the citizens of Montgomery County as we deliver affordable family entertainment that touches the entire community.”
The president of the EMCID, Frank McCrady, announced on February 25, that the new project will entail an independent league team as well as the construction of a brand-new ballpark that will have permanent seating of approximately 4,500 seats. The location is on a 42-acre tract of land owned by Wallace Bajjali on I-59 at the exit for the new Grand Parkway. “This venue will bring a dimension to our area which will benefit our local residents and families with family entertainment at an affordable price. It is a pleasure to work with sophisticated developers which have the experience and vision of bringing our area a family oriented recreational project” said McCrady.
The project is expected to break ground in December 2010, and will be accompanied by a hotel, restaurants, and retail shops. It is anticipated that the first pitch will be thrown in the spring of 2012. “This transaction represents all that is great about a public-private-partnership. The private sector can bring capital, land and operating experience, and the public sector can bring the economic development tools and know-how”, said David Wallace, CEO of Wallace Bajjali.
Montgomery County is located roughly 40 miles north of Houston and is listed as the 36th fastest growing county in the U.S. according to recent Census Bureau estimates. East Montgomery County Improvement District (EMCID) is a political subdivision of the State of Texas responsible for promoting economic and community development in East Montgomery County. EMCID is funded by a 1.5% sales tax on all goods and services purchased within its boundaries. There are 158 square miles within the District which generally follow the boundaries of the New Caney and Splendora School Districts. EMCID is governed by an eight member, elected board of directors.
Wallace Bajjali Development Partners is a private, real estate investment and consulting firm specializing in a variety of real estate services to investors, developers and institutional owners. More specifically, Wallace Bajjali Development Partners focuses on the development of both commercial land into retail, office, mixed-use and town centers, and residential land into single family communities, student housing, independent living, and assisted living.
Ventura Sports Group: Ventura Sports Group is a privately-owned, full-service sports & entertainment company that owns, operates and develops minor league baseball stadiums and teams. Their mission is to provide affordable family entertainment that touches the entire community. Currently, Ventura owns and operates two independent league teams, the Grand Prairie AirHogs at QuikTrip Park and the El Paso Diablos at Cohen Stadium.