Lease Details Finalized, Approved in Old Orchard Beach

The Old Orchard Beach (ME) Town Council approved a lease deal on Tuesday night that would bring the NECBL’s soon-t0-be-renamed Lowell (MA) All-Americans to The Ballpark for the 2011 season.  Under the terms of the agreement, the All-Americans will pay a $10,000 user fee, a $2,000 security deposit, and 10 percent of tickets sales to the city.  The club will receive 25 percent of gross revenues from concessions.

Interestingly, the Portland Press Herald compares the OOB lease to the NECBL’s Sanford Mainers lease at 800-seat Goodall Park about 30 miles away.  The Mainers pay $250 per game, which escalates if attendance reaches certain thresholds.  Read more here.

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Filed under Lease & Contracts, Legal, Market & Location

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