The Center City Revenue Finance Corp. on Wednesday unanimously voted to issue up to $27 million in sports facility revenue bonds for the city’s acquisition of AutoZone Park, home of the Triple-A Memphis Redbirds (Pacific Coast League), which is a prerequisite to – and conditioned on – the Memphis City Council approving a $20 million deal next Monday to buy out of the facility. Read more here.
Downtown Memphis Commission Approves Bond Funding for AutoZone Park, Contingent Upon City Council Vote
Filed under Lease & Contracts, Money & Financials, Stadium Issues
ballparkbiz.wordpress.com 
How many triple-A clubs get into financial messes like this in the first place? When the Cardinals buy the team are they also going to provide competent management for the organization so this doesn’t happen again?