Category Archives: Money & Financials

Funding Almost There for Neptunes

Virginia Beach Neptues 1The Virginia Beach Neptunes (Indy Pro, Atlantic League) are closing in on raising the $6 million that will allow them to borrow an estimated $40 million more through bonds needed to build a new ballpark and bring the team to town, according to the team, investors and the city.  Read more here.  Thanks to John Cerone for the heads up.

Virginia Beach Professional Baseball Rendering 2

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

Court Documents Shed Light on One Loudoun vs. VIP

Loudoun Hounds LogoCourt documents in the case pending between the developer of Ashburn’s One Loudoun and Virginia Investment Partnership LLC (VIP) offer juicy details of the legal battle that has put the brakes on construction of a new baseball stadium for the expansion Loudoun Hounds (Indy Pro, Atlantic League).  A trial on the matter has been set for October.  Read more here.

Loudoun County Hounds Edelman Financial Field

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Filed under Legal, Money & Financials

WhiteWings Leave Trail of Debts

Rio Grande Valley WhiteWings LogoAfter the Rio Grande Valley WhiteWings (Indy Pro, United Baseball League) reportedly disbanded in January owing money, fans, players, staff and businesses were left holding the bag.  Read more and watch news report here.

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No Suitors Show for Aviators Stadium Open House

Rockford Aviators Primary LogoNo potential buyers came out Thursday for the first open house to inspect Aviators Stadium, which is being sold by its bank owners via online auction starting next Wednesday with at an opening bid of $1.5 million. Another open house will be held Friday, March 28.  Read more and watch news report here.

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A Bigger Price Tag for New Sulphur Dell Ballpark

Nashville Sounds New Color Pick LogoFirst Tennessee Park, the new ballpark for the Nashville Sounds (Triple-A, Pacific Coast League), will cost $10 million more than originally expected because of unforeseen issues with the construction of the stadium.  Read more here.

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County Approves Initial Spend for New Nats, Astros Spring-Training Facility

Houston Astros New LogoWashington Nationals LogoThe Palm Beach County Commission on Tuesday approved spending the initial $5 million of a $135 million proposal to build a spring-training stadium for the Houston Astros and Washington Nationals, although the deal has not yet been finalized with the teams.  Read more here.

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Aviators Ballpark Hitting the Auction Block

Rockford Aviators Primary LogoStarting March 25th Aviators Stadium will be on the auction block.  Northside Community Bank of Gurnee is putting the Stadium up for sale.  The bank foreclosed on the ballpark in February of 2012 when the former owners were unable to make payments.  Bidding will take place online and run through April 2.  The bidding is expected to start at $1.5 million.  Read more and watch news report here.

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Filed under Money & Financials, Stadium Issues