Taxpayers in southeastern Wisconsin will be free of paying $30 million a year in a special 0.1% sales and use tax supporting Miller Park, home to the Milwaukee Brewers, under legislation that is expected to pass and be signed into law by the governor. If approved, the 23-year-old revenue program would be permanently retired beginning Jan. 1, 2020. Read more here.
Category Archives: Money & Financials
In an effort to break the legal logjam that’s threatening their new ballpark, the Oakland A’s are offering to either buy out the city’s half share in the Oakland-Alameda County Coliseum site for $85 million or enter into a long-term lease, sources close to the negotiations say. Read more here.
The Houston Astros and Washington Nationals are preparing to face off in Major League Baseball’s first World Series between teams that share the same spring training complex — the Ballpark of the Palm Beaches in West Palm Beach (FL). Off the field, the fall classic opponents are reluctant teammates in a protracted legal fight with the contractors who built their $153 million spring home. More than three years after the complex opened, at least three companies say they’re still owed millions of dollars. Read more here.
Angel Stadium has been an expensive asset that has yielded little profit for Anaheim over the past two decades, according to recently released city data. But city spokesman Mike Lyster has a take that goes beyond the numbers. Read more here.
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.
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.
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 Evers. Read more here.