Because the state’s Local Government Commission won’t let Fayetteville (NC) finance bond debt for 30 years as first sought to pay for a new baseball stadium, city officials had to revamp how they intend to retire $31 million they will borrow through what are called limited-obligation bonds. Read more here.
Category Archives: Money & Financials
The FBI is launching an investigation into the Dunkin Donuts Park project, and it appears the city of Hartford’s information-sharing spurred the action. Read more here.
The decision to refinance some of the bonds to build Southwest University Park, home of the El Paso Chihuahuas (Triple-A, Pacific Coast League), could reportedly save taxpayers nearly $11 million than originally expected back in 2013. Read more here.
City officials and the owners of the former Joplin Blasters (American Association, Independent Professional) have agreed to try to resolve the lawsuit between them over the lost lease revenue for Joe Becker Stadium through mediation. Read more here.
Rick DeStefane, co-owner of the Hannibal Cavemen (Summer Collegiate, Prospect League), hopes a meeting on Tuesday can be the first step toward bringing summer collegiate baseball back to the city in 2018. The city of Hannibal filed a lawsuit last Monday alleging that Clemons Field Management LLC is in breach of its lease agreement. Read more here.