Six months into the building of a minor league baseball stadium north of downtown for the Hartford Yard Goats (Double-A, Eastern League), the developer already is reining in mushrooming costs to keep within the project’s $56 million budget as it races to meet a spring construction deadline. Read more here.
Category Archives: Money & Financials
A liquidation sale of the San Angelo Colts (Indy Pro, United Baseball League) was recently held at Foster Field, pursuant to a court order because the ownership failed to satisfy the requirements of the their Chapter 11 reorganization plan. Former GM Mike Babcock, who left the team in 2012 after his eight-year tenure at the helm, blamed central league ownership for the team’s demise and said, “We were making money, and in our worst years, we broke even.” Read more here.
Rising from the ashes of the failed start-up East Coast Baseball League, the first-year North Country Baseball League managed to finish the 2015 regular season with playoffs starting Wednesday. Watch news report here. As we said, it would take subsidy from Cheeseburger Cheeseburger founder Bruce Zicari for the circuit to survive. Read about the NCBL season saga here. Thanks to John Cerone for the second link.
Ozarks Pro Baseball, an independent league organizers hoped would become a mainstay in the Springfield (MO) area, suspended operations and told players to go home this week. See Facebook posting here. The league had been holding games at sites in Arkansas and in West Plains as negotiations apparently continued with the owner of Price Cutter Park. Read more here.
The Bankruptcy Court of the Northern District of Texas in Dallas has put the final nail into the coffin of the San Angelo Colts (Indy Pro, United League Baseball). In a recent ruling, the court ordered the ownership’s Chapter 11 reorganization proceedings be dismissed. The next step is liquidation of its assets under the guidance of the court. Read more here.
On the heels of a presentation Monday by Downtown Amarillo Inc. Chairman John Lutz outlining the details of a downtown development plan, the Amarillo Globe-News has come out in favor of the proposed multipurpose event center (MPEV) and takes issue with anyone referring to it as simply a ballpark. Read more here.