Friday, January 27, 2017
Larry Lucchino can do what he likes as long as he does it with his own money.
“Is another major investment in McCoy Stadium to cure current deficiencies throwing good money after bad?” the study asks early on, before all of its data points to the affirmative.
Merely fixing the structural deficiencies at the park will cost a proposed $35.6 million - and that’s if further damage isn’t discovered beneath the surface level. That investment would do nothing toward providing the ballpark and its patrons with more modern amenities.
Posted: January 27, 2017 at 07:34 AM | 3 comment(s)
Tuesday, January 24, 2017
In a sign that we are truly living in a world with alternate facts, a Major League Baseball team owned by Liberty Media Company—which is in turn owned by John C. Malone, who is worth an estimated $7.7 billion—claims that it is owed an additional $14 million by taxpayers for the construction of a stadium that the public is already financing to the tune of at least $350 million. The Braves paid $280 million upfront and will add an additional $92 million over the life of the 30-year deal. The kicker? The Braves have already paid for most of the $14 million it says the county is on the hook for. They just want to be reimbursed.
The Braves are requesting reimbursement for a list of five projects; the county responded with a memo that detailed $69.5 million in public financing for transportation projects. In the memo, county transportation director Jim Wilgus noted “we feel this satisfies Cobb County’s transportation improvement contribution.” The Braves, however, say the $14 million outstanding should not count toward the $69.5 already paid.
Posted: January 24, 2017 at 10:08 AM | 10 comment(s)
Tuesday, January 03, 2017
The Arizona Diamondbacks sued Maricopa County on Tuesday, seeking to break the team’s lease at Chase Field so that it can seek financiers to build a new stadium or renovate the 19-year-old ballpark.
The Diamondbacks’ lease with the county, which owns the stadium, prevents the team from talking with outside groups until 2024, and requires the team to play in its current home until 2028.
The Maricopa County Superior Court lawsuit is the latest twist in a long-running conflict over which party is responsible for as much as $187 million in repairs and upgrades to Chase Field. The team threatened to sue last year after negotiations with the county broke down.
The county argues that a portion of the upgrades are cosmetic and the team’s financial responsibility, and that the county will have enough money over the long term to meet its share of the obligations. The Diamondbacks counter that the county-run stadium district has not set aside enough money for needed upgrades and is risking safety.
Wednesday, December 28, 2016
After graduating from Stanford in 1998, Dave Kaval and a buddy gave themselves a gift, a cross-country road trip in which they visited all 30 Major League ballparks. They wrote a book about it called “The Summer That Saved Baseball.”
Now, almost two decades later, Kaval has found a higher calling: Saving baseball for Oakland.
Posted: December 28, 2016 at 07:15 AM | 0 comment(s)
Friday, December 02, 2016
I was certain everyone would want to learn about the massive efforts being devoted to #keepBDCcool.
Aiming to open the Texas Rangers’ new stadium in April 2020, team and city officials now have a timeline for planning and building the $1 billion project.
In addition to hiring an architect, the Rangers expect to be interviewing structural, mechanical, electrical and plumbing consultants by Dec. 31. Meanwhile, the city will start assembling its financial team, City Manager Trey Yelverton said.
The new stadium will replace Globe Life Park in Arlington, which opened as The Ballpark in Arlington in 1994. The Rangers have said they plan to redevelopment Globe Life, potentially with office, retail and dining venues.
The new stadium will be a neighbor of not only Globe Life Park but also the $250 million Texas Live! mixed-use entertainment and high-rise hotel complex that broke ground in late October.
The Rangers and developer The Cordish Cos. said the dining and entertainment venues are set to open with the 2018 baseball season, and the hotel/convention portion would open that fall.
Parking will be the usual paradoxical issue. The two new developments are going up on the two main Ballpark parking lots, south and southwest of the current stadium, which (the plan is) will not be demolished. If you build it, they will come; but if too many come, it will be impossible to get there.
Posted: December 02, 2016 at 11:59 AM | 5 comment(s)
Thursday, November 10, 2016
for his generous support.
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