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NYC still grappling with white-elephant parking ramps at Yankee Stadium

A plan to tear down unprofitable parking ramps near Yankee Stadium has collapsed, leaving New York City to basically wait for the parking vendor to default on $240 million in bonds. When Yankee Stadium was planned, the decision was made by Bronx Overall Economic Development Corporation to back parking ramps near the ballpark, with the […]

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Status quo reigns in Memphis

Though there’s been chatter about the Memphis Redbirds (Class AAA; Pacific Coast League) being on the market, nothing is on the horizon, says John Pontius. Pontius is treasurer of the Memphis Redbirds Foundation, and he’s been pretty forthcoming about efforts to sell the team and AutoZone Park; a sale to parent St. Louis Cardinals fell through several years ago, […]

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State Comptroller: Ramapo skirted laws in financing new ballpark

Ramapo (N.Y.) misused local development funds in financing Provident Bank Park, home of the Rockland Boulders (independent; Can-Am League), and will have difficulties in covering debt service on the facility, according to a draft audit from the state comptroller’s office. The draft, which will be final after Ramapo officials have a chance to respond. says […]

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Manchester struggles with ballpark debt

Despite projections that revenues from a new Manchester, N.H. ballpark for the New Hampshire Fisher Cats (Class AA; Eastern League) would be enough to cover debt, they’re not, so residents are paying the difference. When planned in 2006 and 2007, debt service for Northeast Delta Dental Stadium was projected to be covered by rent from […]

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