Joplin’s (MO) debt for the 2015 rebuild of Joe Becker Stadium will be paid off later this year. The City Council has agreed to a proposal by the finance director to use money in the general fund’s unrestricted fund balance to pay off the remaining debt. The city owes $1.62 million of the $2 million it financed in an effort to enlarge the stadium for use by a professional baseball team. Read more here.
Category Archives: Money & Financials
A waterfront ballpark to attract the Los Angeles Angels to Long Beach CA) could cost more than $1.1 billion, and the city has received a study that explores options for paying some or all of that cost, according to city documents released Monday night. Read more here.
Boise officials might change the way the city would pay for the proposed new main library and sports stadium to avoid putting the projects on the ballot this November. Boiseans could vote on them anyway. Read more here. Meanwhile, the Boise State Broncos baseball team, potential future co-tenants of the new stadium, have unveiled the uniforms they will wear when they return to action in 2020, after a four-decade hiatus. Read more and watch video here.
— Boise State Baseball (@broncosportsbsb) May 2, 2019
Paterson (NJ) Mayor Andre Sayegh is proposing an $18.7 million reconstruction of Hinchliffe Stadium, the national landmark that has been vacant so long trees are growing out of its crumbling, concrete grandstands. Read more here. Read opinion piece here. Read another opinion piece and view photo gallery here.
Andy Appleby, chief investor in a small group that launched the Utica (MI)-based United Shore Professional Baseball League in 2016, said the endeavor that combines developmental baseball with affordable family fun should again be as financially profitable as its first three seasons. Appleby said he’s in talks with four or five expansion cities. Read more here.
Boise city officials want to build an $85 million new main library and a $50 million stadium west of Downtown. They want to use urban-renewal money to help pay for them. A bill moving through the Legislature could crimp those plans. Or could it? Read more here.
New figures show the debt incurred for building Southwest University Park, home of the El Paso Chihuahuas (Triple-A, Pacific Coast League), will be covered by revenue generated by the stadium and hotel occupancy tax revenue alone after 2021, two years ahead of schedule. Read more here.