In positive new for the possible return of baseball to Sussex County (NJ), the sale of Skylands Park to Ardmore (PA)-based real estate investment firm 17 Mile LLC indeed closed on Friday, March 15. The facility sold for $950,000, plus $160,000 in overdue taxes and related fees. Skylands is the former home of the Single-A New Jersey Cardinals (New York-Penn League) and indy pro Sussex Skyhawks Continue reading
Tag Archives: Millenium Sports Management
Skylands Park Sold
Filed under Lease & Contracts, Money & Financials, Stadium Issues
Sale of Skylands Park Postponed, Not Dead
The deal to sell Skylands Park in Sussex County (NJ) to real estate investment firm 17 Mile is apparently not dead after all. Mark Roscioli, owner of Ardmore (PA)-based 17 Mile, says the closing has been rescheduled for Friday, March 15. Read more here.
Filed under Uncategorized
Sale of Skylands Park Called Off
After coming to terms earlier this month on the pending transfer of ownership of Skylands Park, the parties to the deal said last Thursday that the sale of the 4,200-seat ballpark, which was scheduled to be finalized on March 1, is apparently a no go. Read more here and here. Thanks to John Cerone for the story.
Filed under Lease & Contracts, Stadium Issues
Skylands Park on the Auction Block
Skylands Park, the former home of the indy pro Sussex SkyHawks (Can-Am League) and Single-A New Jersey Cardinals (New York-Penn League), is going up for auction on Wednesday, Dec. 12, to satisfy a $57,277.43 tax lien placed on the property by Frankford Township. We assume Millennium Sports Management, the owner of the ballpark, could still Continue reading
Filed under Legal, Money & Financials, Stadium Issues
Still No Solid Future for Skylands Park
Millenium Sports Management Corp. continues to struggle to sell or find a new tenant for 4,200-seat Skylands Park, the former home of the indy pro Sussex Skyhawks (Can-Am League) and Single-A New Jersey Cardinals (New York-Penn League). Located in rural Frankford Township (NJ), Skylands remains for sale at $1.99 million. A request to lower the facility’s annual Continue reading
Filed under Uncategorized
Skylands Park Owner Challenges Property Valuation, Tax Assessment
Millennium Sports Management, the owner and operator of teamless Skylands Park in Sussex County (NJ), has filed a property tax appeal challenging the county’s $125,207 tax assessment on the property based on a valuation of $6.7 million. Millenium paid a whopping $121,503 in 2010. Continue reading
Filed under Lease & Contracts, Money & Financials, Stadium Issues
Sussex Ballpark For Sale
Skylands Park, the 17-year-old stadium owned and operated by Millenium Sports Management, is now for sale. The pricetag is $1,990,000. Now, that may not seem like much for a ballpark like Skylands, but the annual property tax bill in Frankford Township (NJ) has been coming in at around $121,000 on an assessed value of $6.7 million. Review our full report here from January. Thanks to Brian Merzbach for the news.
Filed under Lease & Contracts, Legal, Money & Financials, Stadium Issues
More on the Future of Skylands Park
As ballpark owner/operator Millenium Sports Management continues to search for a new tenant for Skylands Park after the demise of the Can-Am League’s Sussex (Augusta, NJ) Skyhawks, there is concern in Frankford Township about future property tax revenues, should things truly go south for the 17-year-old stadium. Continue reading
Filed under League & Franchise, Legal, Money & Financials, Stadium Issues
New Suitors for Skylands Park?
Now that the Can-Am League’s Sussex (Augusta, NJ) Skyhawks have called it quits, Millenium Sports Management, the company that owns and operates Skylands Park, is searching for a new tenant. Apparently Millenium has fielded interest from both the affiliated and indy pro ranks. Interest in the park could be bolstered by a new town center that is expected to be built at Ross Corner. Read more here.
Filed under League & Franchise, Lease & Contracts, Stadium Issues