Millennium Sports Management, the owner and operator of teamless Skylands Park in Sussex County (NJ), has filed a property tax appeal challenging the county’s $125,207 tax assessment on the property based on a valuation of $6.7 million. Millenium paid a whopping $121,503 in 2010.
If you haven’t figured it out, Skylands Park is a privately-owned facility that is unlikely to see another baseball franchise, unless the hefty annual property tax burden can be negotiated down (allowing for a reasonable lease payment for a new team). If not, Millenium (or any new owner who purchases the ballpark for the near $2 million asking price) should take our repeated advice to launch their own summer collegiate franchise. This would allow Millenium (or a new ballpark owner) to fill dates with a lowest-cost, minor league-like baseball franchise, while pocketing 1oo percent of the revenues to help mitigate ballpark outlays. Need a consultant on such a deal? We’d be happy to oblige. And we must say, our incredible, top secret team branding idea would be a merchandising machine!
Read more here. Thanks to John Cerone for the link.