Woes Continue for ‘Pink Elephant’

La Lay Sports, which took control of Homestead Sports Complex last summer,  is once again behind on more than $162,000 on utility and insurance bills.  The city is locked in a legal battle with the operator, in part, over the bills.  La Ley filed a class action lawsuit against the city in May, claiming that Homestead overbills its utility customers.

Homestead Sports Complex was built in 1991 as the new spring training home for the Cleveland Indians.  Hurricane Andrew then decimated it before the Indians moved in.  The ballpark was rebuilt in 1993, but the Indians had already gone elsewhere, and no other MLB team came calling. After 20 years without a real tenant, the city inked a deal last summer with La Lay to operate the stadium.  Read more here.

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Filed under Lease & Contracts, Money & Financials

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