Intimidators Ballpark to Change Hands?

The City of Kannapolis (NC) has voted to purchase Fieldcrest Cannon Stadium, home of the Single-A Kannapolis Intimidators, from Rowan County for $3 million, provided the payments on the interest-free financing do not begin until 2013.  If agreed to, Kannapolis would pay the county $60,00 per year for the next 50 years.  Fieldcrest opened in 1995.  Read more here.

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

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