The Single-A Kannapolis Intimidators (South Atlantic League) are close to finalizing a lease extension with the city to continue using Fieldcrest-Cannon Stadium for $1 per year plus maintenance costs. Read more here.
Tag Archives: Fieldcrest Cannon Stadium
Intimidators, City Finalizing $1 Lease
Filed under Lease & Contracts, Stadium Issues
Kannapolis to Take Control of Intimidators Ballpark
The Kannapolis (NC) City Council approved a deal last night to purchase Fieldcrest Cannon Stadium, home of the Single-A Kannapolis Intimidators (South Atlantic League), from Rowan County for $3 million, financed interest free over a 50-year term. The city will be solely responsible for ballpark maintenance and negotiations with the Intimidators ownership group. Read more Continue reading
Filed under Money & Financials, Stadium Issues
Intimidators Ballpark to Change Hands?
The City of Kannapolis (NC) has voted to purchase Fieldcrest Cannon Stadium, home of the Single-A Kannapolis Intimidators, from Rowan County for $3 million, provided the payments on the interest-free financing do not begin until 2013. If agreed to, Kannapolis would pay the county $60,00 per year for the next 50 years. Fieldcrest opened in 1995. Read more here.
Filed under Lease & Contracts, Money & Financials, Stadium Issues