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.
Category Archives: Money & Financials
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.
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 here. The team’s parent club, the Minnsota Twins, are monitoring the situation closely.
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.
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.
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.