Category Archives: Money & Financials

Will Locals Save BorderCats?

A week ago, Northwoods League (Summer Collegiate) Chairman and Co-Founder Dick Radatz, Jr. blasted the past and current ownership of the Thunder Bay BorderCats as a “malady of incompetency.”  Below is more of what Radatz had to say:

“Very frankly, we’ve had incompetent ownership up there for quite some time, and they have not run the franchise properly.  It’s severely under-performed, and it’s a shame that the people of Canada had to experience this incompetency, truthfully.”

The franchise has clearly been an embarrassment for the powerhouse circuit for years, as it’s attendance has continued to languish at or near the bottom despite operating in a market with a population of over 100,000.  A group of local investors is scrambling to raise funds to save the franchise before the league-decreed deadline and upcoming October league meetings in Madison (WI).  Read more here.

5 Comments

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

Worcester Approves Ballpark Financing

The Worcester (MA) City Council Tuesday night approved a loan authorization of up to $100.8 million for the construction of a 10,000-seat ballpark that will be home to the relocating Pawtucket Red Sox (Triple-A, International League) beginning with the 2021 season.  Read more here.

Leave a comment

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

SunTrust Park Brings Positive Fiscal Impact

A study commissioned by the Cobb County Chamber of Commerce has determined that SunTrust Park, home of the Atlanta Braves, and The Battery Atlanta are driving an average, total, net fiscal impact of approximately $18.9 million annually for Cobb County.  Read more here.

Leave a comment

Filed under Money & Financials

Erie Passes Resolutions to Advance $12-Million Ballpark Grant

The city of Erie (PA) is making moves to put a $12 million state grant in motion that’s earmarked for major upgrades at UPMC Park, home of the Erie SeaWolves (Double-A, Eastern League).  Read more here.

Leave a comment

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

Funding Finalized for Mariners Ballpark

By a divided 5-4 vote, the Metropolitan King County Council gave final approval Monday to spend $135 million in taxpayer funds to fix wear and tear on 19-year-old Safeco Field.  The Seattle Mariners have said the team would sign a long-term lease once the funding is approved, despite the amount being less than the $180 million the team wanted.  Read more here.

Leave a comment

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

Council Committee Approves Worcester Ballpark Package

The proposed deal and financing package to bring the Pawtucket Red Sox (Triple-A, International League) to Worcester (MA) cleared its first local legislative hurdle Wednesday night, winning the approval of the City Council Economic Development Committee.  Read more here.

Leave a comment

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

Pueblo Ballpark Project Takes Next Step

Pueblo County commissioners Terry Hart and Sal Pace approved two resolutions Monday concerning the Youth Entertainment and Sports project, which includes a proposed minor league baseball stadium.  Read more here.

Leave a comment

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