Category Archives: Money & Financials

Blasters Seek Payment Forgiveness, Lease Restructuring to Save Team

Joplin Blasters LogoSaying 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.


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

Yard Goats Yard: Construction Cost Overruns Force Changes

Hartford Yard Goats LogoConstruction 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.

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

Goodyear Managing Ballpark Financials Without AZSTA Funding

Arizona Diamondbacks LogoCincinnati Reds LogoIn the shadow of reports that the financial situation of the Arizona Sports and Tourism Authority (AZSTA) could prevent the city of Goodyear (AZ) from receiving committed reimbursements from the organization for the construction of Goodyear Ballpark, Goodyear finance director Larry Lange has issued a public statement assuring residents that the city is financially okay without the payments.  Read statement here.

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Filed under Design & Construction, Money & Financials

Atlantic League Still Optimistic About Loudoun County

Loudoun Hounds LogoThe 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.

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Filed under League & Franchise, Legal, Market & Location, Money & Financials

Ballpark Cost Overruns Reported in Hartford

Hartford Yard Goats LogoSix 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.

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

San Angelo Colts Liquidated

San Angelo Colts LogoA 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.


Filed under Legal, Money & Financials

Start-Up NCBL Survives Season on Back of Cheeseburger Cheeseburger Founder

North Country Baseball LeagueRising 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.


Filed under League & Franchise, Market & Location, Money & Financials