Category Archives: Money & Financials

Expedition League’s Hotshots Suspend Operations

After two seasons in Aberdeen (SD), the Hub City Hotshots (Summer Collegiate, Expedition League) have suspended operations for the 2020 season.  As reported, in a letter from Expedition League President Steve Wagner, who took over operation of the Hotshots this summer, he cited neglect by former team owners Chuck and Mayra Heeman.  Read more here.  Read more background here.

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Filed under League & Franchise, Lease & Contracts, Money & Financials, Personnel & Operations

Oakland A’s Ballpark Bill Approved by Legislature

Legislation that would make it easier for Oakland (CA) to finance the infrastructure needed for a proposed Oakland A’s ballpark at the Port of Oakland’s Howard Terminal cleared its final hurdle at the state Capitol.  Supporters are asking Governor Newsom to sign the bill into law.  Read more here.

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Filed under Design & Construction, Market & Location, Money & Financials, Stadium Issues

Governor’s Veto Could Impact Beloit’s Effort for Ballpark State Aid

A fund that could have allowed for tax dollars to be spent on building projects across the state, including a new downtown stadium for the Beloit Snappers (Single-A, Midwest League), has been partially vetoed by Governor Tony EversRead more here.

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Filed under Design & Construction, Money & Financials, Stadium Issues

Despite Higher Cost, No Changes to Plans for New Lafayette Ballpark

Lafayette’s (IN) mayor doesn’t plan major changes to plans for a new city baseball stadium even though construction bids totaled nearly $4 million more than expected.  The new 2,500-seat stadium would be built at the same site as the current Loeb Stadium in Columbian Park southeast of downtown Lafayette.  Read more here.

 

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New A’s Ballpark Could Bring $7.3 Billion in Economic Benefit

The Oakland Athletics’ plan to build a privately-financed ballpark at Howard Terminal near Jack London Square could generate $7.3 billion in economic benefits over 10 years for Oakland and Alameda County, according to a study by the Bay Area Council Economic Institute.  Read more here.

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City to Pay Off Joe Becker Stadium Debt

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.

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Potential $1 Billion Price Tag for Proposed Angels Ballpark in Long Beach

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.

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Filed under Design & Construction, Market & Location, Money & Financials, Stadium Issues