A report has Wichita in the midst of establishing a new bonding program that could eventually lead to a new Texas League ballpark on the existing Lawrence-Dumont Stadium site. (more…)
Tag Archives | bonding
New Columbia ballpark receives initial city approval
A new Columbia (S.C.) ballpark won initial approval from the City Council on first reading on a 4-3 margin, with a final vote scheduled for March 18. That the vote was close was not a surpise; opposition to the project had been gaining some momentum in recent day. The financing plan: Hardball Capital, led by […]
Wade Stadium renovation funding strikes out
A request of state funding for renovations to Wade Stadium, home of the Duluth Huskies (summer collegiate; Northwoods League), was not included in an initial bonding request from Gov. Mark Dayton. Every two years the state of Minnesota passes a bonding bill for projects throughout the state. Local municipalities send requests to the governor’s office, […]
Mesa won’t bond for new spring-training museum — but project lives on
Mesa (Az.) officials decided to go ahead with a $130-million bond issue for city projects, but funding for a new spring-training museum won’t be part of the package. The Mesa Historical Museum has sought $17 million in city funding for the Arizona Spring Training Experience, Museum and Community Center, which would focus on the Cactus […]
Judge to hear bonding plan for El Paso; last big hurdle for new ballpark
Final state approval for a new downtown El Paso ballpark could come as soon as tomorrow, as a judge is set to review the bonding proposal for what’s planned as the home of a Class AAA Pacific Coast League team. Bonding requests in Texas must receive judicial approval, so El Paso will be in the […]
Dehler misses naming-rights payment for Mustangs home
This seems be a case of the meh: Jon Dehler missed a July 1 naming-rights payment for Dehler Park, home of the Billings Mustangs (rookie; Pioneer League), but city officials aren’t concerned. Dehler missed a $50,000 payment, but says he’ll make it next week to keep current. Normally this would raise some level of concern […]
Hillsboro approves bonding for new Hops ballpark
Hillsboro officials approved $12.5 million in bonds backed by the city’s general fund to build a new ballpark for the Hillsboro Hops (short season A; Northwest League). You don’t often see cities issuing ballpark bonds backed by nothing but “full faith and credit,” as the term goes, rather than dedicated revenue streams like sales taxes; […]
Concerns raised over Hillsboro ballpark financing — but are they warranted?
More concerns are arising over Hillsboro’s decision to possibly back funding of a new ballpark with general funds, but given the size of the Oregon city, we’re not so sure the concern is warranted. Usually cities back bonds with dedicated revenue streams, like property taxes, sales-tax revenues or rental-car-tax proceeds. The advantage: bonds backed by […]
Dayton confirms: $25M for new Saints ballpark
The final step in funding a new St. Paul Saints (independent; American Association) is complete, as Gov. Mark Dayton signs off on $25 million in state bonding proceeds for the project. Earlier this week the Minnesota Department of Employment and Economic Development (DEED) recommended the spending, out of 90 projects submitted to be part of $47.5 million […]
No Wilmington ballpark deal — yet
Negotiations between the city of Wilmington (N.C.) and Mandalay Baseball Properties for a new Class A Carolina League ballpark continue, with a deal expected by Sept. 18. It’s taken far longer to reach a deal than city officials anticipated, but it sounds like the delays were due more to logistics than anything else: with three […]
Hagerstown takes first steps toward ballpark bonding
The Hagerstown City Council took a preliminary step toward a bonding proposal for a new downtown Hagerstown Suns (Low Class A: Sally League), with final approval set for this fall. It’s not close to a done deal, as the city still needs to come to a lease agreement with the Suns, but the wheels are […]
New Wilmington ballpark: uncertainty reigns
Wilmington (N.C.) officials are debating whether to ask voters to approve funding for a new ballpark, as there are plenty of specifics — price, location, lease — still to be determined. To be placed on the fall ballot, a referendum question need to be completed by August 1, so there’s some time to settle these […]
Wilmington to ask voters to approve new-ballpark bonding
With the collapse of a public-private partnership backing a new Wilmington (N.C.) ballpark, voters will be asked directly this fall whether to back bonds on the project. Developer Flywheel/Trask has withdrawn from the project, which calls for Mandalay Baseball Properties to run a new ballpark for a relocating Atlanta Braves farm team, the Lynchburg Hillcats (High […]