Category Archives: Money & Financials

Ramapo Attorney Disbarred for Role in Ballpark Fraud

Former Ramapo Assistant Attorney Aaron Troodler has been disbarred based on his fraud convictions with former Supervisor Christopher St. Lawrence, who could face up to 14 years in prison on the recommendation of federal prosecutors.  Read more here.

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

City Unanimously Approves Plan to Sell Ripken Stadium

At a special meeting Monday evening, Aberdeen’s (MD) mayor and city council unanimously affirmed their intention to try and sell Ripken Stadium, home of the Aberdeen IronBirds (Single-A, New York-Penn League), to relieve the city of one of its financial burdens.  Read more here.

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Filed under Lease & Contracts, Money & Financials, Stadium Issues

House Tax Bill Would Eliminate Tax Deduction for Bonding Stadiums

The U.S. House Republican tax bill unveiled last week would eliminate a tax break for a major financing tool for public-private partnerships, one of several bond provisions that would affect projects including professional sports stadiums.  Read more here.

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

Governor Stands by Current PawSox Ballpark Proposal

Rhode Island Gov. Gina Raimondo on Tuesday stood by the current proposal to build a new ballpark for the Pawtucket Red Sox and said House Speaker Nicholas Mattiello’s concerns about public risk in the deal have not convinced her it needs to be renegotiated.  Read more here.

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

PawSox Disclose Net Equity, But Won’t Disclose Profits

The owners of the Pawtucket Red Sox (Triple-A, International League) have refused a request from the Senate Finance Committee to disclose how much of an annual profit the team generates at McCoy Stadium, as the panel considers a ballpark financing plan.  Read more here.

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

Debating the Proposed New Ballpark in Boise, Comparisons to Fort Wayne

As previously reported, the managing partner of the Boise Hawks (Single-A, Northwest League) is poised to buy 11 acres in Downtown Boise (ID), part of which he would donate to the city for the construction of a 5,000-seat, multisport stadium and event center.  The stadium would be the new home for the Hawks, revived Boise State baseball, and a soccer team.  Read more here.

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

UPDATE: Ballpark Village Phase II

Secured by decades of future taxes from Cardinals fans, investors clamored last week for the bonds that would help to finally put the “village” in Ballpark Village.  Read more here.

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