Newark Looks for New Tenant, Bears Former Owner Looks to New Fall League Venture

Newark Bears LogoWith the indy pro Newark Bears (Can-Am League) now just a memory, the city of Newark and Essex County, both on the hook for more than $2 million in annual debt obligations on Riverfront Stadium until 2029, continue to scramble to find a new tenant.  Meanwhile, former Bears owner Doug Spiel says he plans to join three friends in launching a four-team fall league for rookie-level players in Arizona next September.  Read more here.

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

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