Category Archives: Money & Financials

Rangers Secure $600 Million Loan for New Ballpark

SunTrust Banks said Wednesday that it finalized $600 million worth of financing for the Texas Rangers’ portion of the Globe Life Field stadium.  The bank also helped finance the Atlanta Braves’ SunTrust Park and the Atlanta Falcons’ Mercedes-Benz Stadium, both of which opened this season.  Read more here.

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Venezuelan Dictator Spends on Baseball in Midst of Economic Collapse

Baseball is a religion in Venezuela.  But this season, no one is in the mood.  Venezuelans are outraged at the government’s decision to make $10 million available for importing equipment and paying players’ salaries at a preferential rate, while medicines for cancer treatment remain scarce, and all but the most basic foods remain out of reach of most Venezuelans.  Read more here.

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So, the County Wants Double from Red Wings for Lease Payments?

Protracted negotiations between the Rochester Red Wings (Triple-A, International League) and Monroe County regarding a new lease at Frontier Field haven’t just stalled on the base paths.  Read more hereThe team’s parent club, the Minnsota Twins, are monitoring the situation closely.

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

Ramapo Wants Share of Ballpark Sales Tax Revenues, County Says No

Ramapo (NY) acting supervisor Yitzchok Ullman seeks a share of estimated $250,000 in sales tax revenues generated by Palisades Credit Union Park, home of the Rockland Boulders (Independent Professional, Can-Am League).  Rockland County Executive Ed Day says he’s not supportive.  Read more and watch video here.

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Refinancing Cowboys Stadium Debt Will Help Fund New Rangers Ballpark

The city of Arlington has formalized a plan to refinance its AT&T Stadium debt to help pay for the city’s half of the new $1 billion retractable-roof stadium for the Texas Rangers.  Read more here.

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Ballparks of the Ozarks to Seek Special Tax District to Help Fund Infrastructure

Attorneys representing the Ballparks of the Ozarks have informed the Camden County Commission of its intent to file a Transportation Development District (TDD) to help fund a portion of the cost of infrastructure improvements planned for the 293-acre site.  Read more here.

 

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Ballpark Design Changes Brings Fayetteville’s Project Back on Budget

A set of proposed design changes to Fayetteville’s baseball stadium has brought the $33 million project back on budget, officials said Thursday.  The city’s Baseball Committee reviewed the changes with members of the architect, Populous, and the construction manager, Barton Malow Co. of Charlotte.  Read more here.

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