The new baseball stadium under construction for the Fayetteville Woodpeckers (Single-A, Carolina League) was supposed to cost an estimated $33 million at the start — before the design. Now, it’s costing about $40 million to actually build the ballpark. Read more here.
Category Archives: Money & Financials
Those who understand the legislative process know that there is a big difference between introducing a bill and actually getting one passed into law. That said, two bills “introduced” in the Oregon Legislature would repeal laws passed by the Legislature in 2003 that allowed for up to $150 million in state-issued bonds to help pay for the construction of a major-league stadium in Portland (OR). Under the 2003 law, the bonds would be paid back with an income tax on the salaries of players and team managers. Read more and view renderings here.
Empire State Development has awarded Monroe County (NY) a $550,000 grant to help fund significant upgrades to Frontier Field in Rochester, home of the Rochester Red Wings (Triple-A, International League). Planned improvements include a 360-degree concourse, kids area, beer and wine garden, an expanded party space, and more. Read more here.
Bridgewater Township (NJ) will conduct a study to determine whether county-owned land near the TD Bank Ballpark, home of the Somerset Patriots (Independent Professional, Atlantic League), is in need of redevelopment. This could help fund needed upgrades to the two-decades-old stadium to enhance the experience for fans and help the team to remain competitive. Read more here.
Franklin’s (WI) Ballpark Commons mixed-use development is seeking another $5.2 million in city financing help — beyond $22.5 million already approved. Read more here.
The Wichita (KS) City Council Tuesday agreed to the issuance of STAR bonds to help pay for the construction of a new, modern ballpark where Lawrence-Dumont Stadium now sits. Read more and watch news report here.
With council approval of the plan, the city of Worcester can proceed with plans to go to market Wednesday to raise about $30 million through a bond sale. The offering is expected to be the first in a series of bond sales that will raise the $100.8 million needed to build a new ballpark for the relocating Pawtucket Red Sox (Triple-A, International League). Read more here.