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Thursday, Jul 31st

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You are here: Minor League Features Developers looking at Charlotte investments after Knights ballpark approved

Developers looking at Charlotte investments after Knights ballpark approved

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New Charlotte Knights ballpark

There has already been an immediate effect to the city's decision to partially fund a new Charlotte Knights (Class AAA; International League): developers are making offers to Uptown property owners.

Joanna Sikiotis, owner of Green's Lunch, says she's been approached by developers who want to buy the 86-year-old eatery and redevelop the property. She's not selling, but the game plan from the developers is clear: they'll looking to build restaurants and hotels to take advantage not only of the fans attending Knights games but also Charlotte Bobcats (NBA) games.

Last night the City Council voted 7-4 to contribute $8 million over 20 years toward a new Uptown ballpark -- $7.25 in tourism taxes and $750,000 from Central City Partners. If all goes well, we should see a groundbreaking this fall and a 2014 opening.

Rendering courtesy of the Charlotte Knights.

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