The Davenport City Council will consider advancing the Quad-Cities River Bandits money for a new kitchen at Modern Woodmen Park as prior advances already are depleting the ballpark’s capital improvement fund. Read more here.
Category Archives: Money & Financials
The Virginia Beach (VA) City Council voted Tuesday to approve changes to a lease for a planned 5,000-seat professional baseball stadium for the Virginia Beach Neptunes (Indy Pro, Atlantic League) and collateral development. Read more here.
Voters in Amarillo (TX) supported, by a margin of 52 percent to 48 percent, including a ballpark in a downtown multipurpose event venue. The difference came down to 820 votes out of more than 22,000 cast. The non-binding referendum was meant to measure public opinion of the plan. The city council will have to decide whether or not to move forward with the development. The pro baseball tenant and ballpark operator have yet to be determined. Read more here.
Saying they cannot afford to operate in Joplin (MO) without a lease restructuring because of lower than expected paid attendance, the owners of the Joplin Blasters (Indy Pro, American Association) announced they want the Joplin City Council to forgive the $37,500 quarterly lease payment that was not paid on Oct. 1, and to reduce the annual lease in future seasons from $150,000 to $50,000. Read more here. View proposal here. Watch news report here.
Construction on the new baseball stadium in Hartford (CT) for the Hartford Yard Goats (Double-A, Eastern League) is moving at a fast pace, but cost overruns are forcing modifications, including ditching the planned roof over the right-field grandstand. Read more and watch news report here.
The president of the independent Atlantic League confirmed Tuesday that a membership application fee submitted by Virginia Investment Partnership LLC (VIP) led by Bob Farren has been returned, meaning another group is free to pursue the rights to an expansion franchise with the league in Loudoun County (VA). Meanwhile, VIP and Farren continue to battle legal and financial troubles. Read more here. Thanks to John Cerone for the link.