Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Wednesday, May 29, 2013

Bloomberg: Win or Lose El Paso Guarantees Baseball Bondholders: Muni Credit

El Paso, Texas, the second-largest U.S. city without a professional sports team, is borrowing $53 million with yields at record lows as it joins municipalities nationwide betting that stadiums will rejuvenate downtowns. [...]  The Tucson team moving to El Paso sold 3,000 tickets per game last year, the lowest attendance in the 16-team Pacific Coast League. El Paso’s team will do better, said Mike Feder, general manager of the Tucson Padres.  “They’ve never had Triple A baseball, their downtown stadium will be fantastic and their ownership group has deep roots in the community,” said Feder, who isn’t moving with the team.

bobm Posted: May 29, 2013 at 11:00 PM | 6 comment(s) Login to Bookmark
  Tags: business, stadiums

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. Jose is El Absurd Pollo Posted: May 30, 2013 at 09:23 AM (#4455529)
“They’ve never had Triple A baseball, their downtown stadium will be fantastic and their ownership group has deep roots in the community,” said Feder, who isn’t moving with the team.


"It's going to be a massive success. I have so much confidence in the success of this project that I'm...staying where I am and not going to be involved."
   2. Brian C Posted: May 30, 2013 at 10:56 AM (#4455652)
Wait, El Paso is going AAA? Didn't their AA team leave town amid tepid support? I went to a Diablos game a few years before the affiliated team moved to Missouri, and it was semi-dire. Maybe ten years and a new stadium can fix that, but it seems like an unlikely market all the same. "They've never had Triple-A baseball" seems like an unpersuasive selling point when the AA team failed.

I thought the T-Pads were moving to somewhere in California, but I guess that didn't work out.
   3. Mike Emeigh Posted: May 30, 2013 at 11:43 AM (#4455733)
The plan was for the Tucson team to move to Escondido CA, but plans for a ballpark there fell through when the state of California eliminated public redevelopment funds in 2012.

The guy who's running the franchise in El Paso was part of the team that made Sacramento one of the minor league's success stories, so while there are obviously questions about the viability of a franchise in El Paso, they have a team in place that knows a little something about how to make it work.

-- MWE
   4. RoyalsRetro (AG#1F) Posted: May 30, 2013 at 11:44 AM (#4455739)
Triple A baseball put Ogdenville, Brockway, and North Haverbrook on the map.
   5. valuearbitrageur Posted: May 30, 2013 at 12:31 PM (#4455810)
“They’ve never had a Triple A rating, their downtown stadium will ensure they never will and when the team is drawing less than 2,000 a game in a few years those debt payments will ensure the new owners can't be located by the community,” said Feder, who is laughing his ass off at his good fortune to be rid of this mess.
   6. Brian C Posted: May 30, 2013 at 01:18 PM (#4455873)
I will also say, though, that I went to a AAA game in Tucson several years back when they were still the Sidewinders, and that was more dire than El Paso was despite some of the same limitations (unappealing stadium in the middle of nowhere, etc). Hard to tell a lot from one night in anywhere, but I can easily imagine that El Paso is genuinely a more attractive option than Tucson.

Not as attractive as North Haverbrook with their shiny new monorail, perhaps, but still.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
Infinite Yost (Voxter)
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogDellin Betances' lost case against the Yankees shows the arbitration system is broken | FOX Sports
(11 - 5:34am, Feb 20)
Last: pezzonovante

NewsblogOT - December 2016 NBA thread
(2138 - 2:45am, Feb 20)
Last: maccoach57

NewsblogBryce Harper isn’t laughing off Syndergaard’s ‘douche’ rip | New York Post
(9 - 11:49pm, Feb 19)
Last: sinicalypse

NewsblogHosmer talking extension, but prepared for breakup of Royals’ core
(4 - 11:46pm, Feb 19)
Last: sinicalypse

NewsblogOTP 13 Feb. 2017: Football and Politics
(2307 - 11:29pm, Feb 19)
Last: madvillain

Hall of MeritWillie Davis
(33 - 11:03pm, Feb 19)
Last: Kiko Sakata

NewsblogYankees President: Dellin Betances’ Arbitration Filing “Had No Bearings In Reality”
(42 - 10:05pm, Feb 19)
Last: Walt Davis

NewsblogCarter Capps Delivery Is New, Still Basically Against The Rules
(32 - 9:56pm, Feb 19)
Last: the Hugh Jorgan returns

NewsblogJose Fernandez's absence a significant presence as Marlins open spring training - (AUTOPLAY)
(2 - 9:48pm, Feb 19)
Last: AT-AT at bat@AT&T

NewsblogAfter rough debut, Lucas Giolito aims for encore with White Sox
(1 - 9:39pm, Feb 19)
Last: sinicalypse

NewsblogRemember 1967 and the impossible dream - The Boston Globe
(11 - 9:39pm, Feb 19)
Last: Ziggy: The Platonic Form of Russell Branyan

NewsblogHeyman: Cardinals And Yadier Molina Have Preliminary Extension Talks
(5 - 9:05pm, Feb 19)
Last: Ziggy: The Platonic Form of Russell Branyan

NewsblogPadres' 'all-in' Dominican push shaping franchise future - The San Diego Union-Tribune
(3 - 8:16pm, Feb 19)
Last: Cargo Cultist

NewsblogYordano Ventura’s final year filled with family turmoil, emotional distress
(2 - 8:12pm, Feb 19)
Last: Cargo Cultist

NewsblogA’s Khris Davis won’t play in WBC, discusses love for Oakland - San Francisco Chronicle
(1 - 8:11pm, Feb 19)
Last: Cargo Cultist

Page rendered in 0.2925 seconds
47 querie(s) executed