College of the Holy Cross professor Victor Matheson, a sports economist, says the economic benefits of the proposed Providence ballpark do not justify a large commitment of public dollars. He also says another team would fill the void if the Pawtucket Red Sox (Triple-A, International League) were to leave Rhode Island. Public-relations man Jon Duffy, who is working with the PawSox, responds. Read more here.
Category Archives: Money & Financials
The $1.8 billion revenue generation package unveiled last week by Democrats in the General Assembly’s Finance, Revenue and Bonding Committee includes state-issued bonds to help finance Hartford’s minor league baseball stadium. Read more here.
A ballpark in downtown Providence (RI) would be an economic catalyst for the city, according to the new owners of the Pawtucket Red Sox (Triple-A, International League), but members of a state commission cast doubt Monday on the benefits of a new stadium. Read more here
Legislators argued Monday over whether the state should send the 10 percent admissions tax on minor league baseball tickets back to Hartford (CT) to provide financial help for building a new stadium for the coming Hartford Yard Goats (Double-A, Eastern League). Read more here.
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.
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.