Category Archives: Money & Financials

Fayetteville Revamps Ballpark Financing Plan

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.

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FBI Investigating Hartford Ballpark Project

Hartford Yard Goats LogoThe 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.

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Filed under Design & Construction, Lease & Contracts, Legal, Money & Financials, Stadium Issues

Deal to Sell Marlins in the Works

Miami Marlins New LogoSources report that Miami Marlins president David Samson has said that there is a $1.6 billion “handshake agreement” for the MLB team.  Current owner Jeffrey Loria paid $158 million for the baseball team in 2002.  Read more here.  Loria gets skewered here and here.

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Refinancing El Paso Ballpark Debt: Better than Expected Savings

El Paso Chihuahuas HeadThe 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.

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City, Blasters Will Try Mediation to Resolve Dispute

Joplin Blasters LogoCity 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.

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Community Improvement District Approved for Ballparks of the Ozarks

Ballpark of the Ozarks LogoThe Camden County Commission has approved a Community Improvement District (CID) ordinance to establish Ballparks of the Ozarks, LLC as a political subdivision with the ability to impose a sales and/or use tax at a total rate not to exceed one percent.  Read more here.

Ballpark of the Ozarks Rendering

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Cavemen Co-Owner Hopes to Get Team Back in the Game

Hannibal CavemenRick 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.

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Filed under League & Franchise, Lease & Contracts, Legal, Money & Financials, Stadium Issues