The 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.
Category Archives: Money & Financials
Court 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.
No 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.
First 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.
The 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.
Starting 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.