Calling Joliet Jake: Not a Mission from God, but ‘Hammers Need Cash

The Northern League’s Joliet (IL) Jackhammers are basically threatening bankrupcty, if the city cancels the team’s lease at Silver Cross Field.  Tying up the lease in Bankruptcy Court could prevent the city from securing a new tenant in time for the 2011 season.  This quandary has forced the city to remain patient, while team owners try to sell the franchise, but patience is running thin.  Read more here.

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Filed under Lease & Contracts, Legal, Money & Financials

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