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City to spend big for ballpark, hotel legal fees

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WILMINGTON, NC (WWAY) -- Wilmington City Council will vote Tuesday to spend more than $150,000 for fees for the next few months associated with negotiations for a ballpark and Convention Center hotel. The city also looks to budget $430,000 for the two projects next year.

According to the council's agenda for Tuesday's meeting, the ordinance would appropriate money through June 30 "for the estimated legal costs associated with negotiations for the private sale of land for the development of a Hotel at the downtown Convention Center site and to pursue due diligence related to making a recommendation on the feasibility of constructing a city-owned Baseball Stadium."

The legal fees for the hotel talks are estimated to cost $30,000 through the end of June. Fees for the ballpark during the same time period are predicted to be about $123,500.

The ordinance also calls for $120,000 for hotel legal fees in FY2013, which starts in July, and $310,000 for the ballpark project in the next fiscal year.

The ballpark costs include a feasibility study, outside legal council, financial advisor, appraisal, project management, bond council and co-bond council:

 20122013Total
Feasibility Study$25,000$25,000$50,000
Outside Legal Council$25,000$95,000$120,000
Financial Advisor$30,000$60,000$90,000
Appraisal$3,500 $3,500
Project Management$40,000$40,000$80,000
Bond Council $60,000$60,000
Co-Bond Council (required LGC) $30,000$30,000
Total:$123,500$310,000$433,500

 

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We need a real mayor! This

We need a real mayor! This city council is a pitiful too!!!

ballpark and city council

Agreed, the mayor and city council are looking after their personal interest on what they can do to make more money for the business that they own. They are not looking out for the taxpayers. Before it is over with, the taxes will be so high that more people will be moving out of Wilmington instead of into and the same with the Motel room tax. I use to love to go downtown until they started gouching on the parking. Most the people I talk with feel the same. I love baseball and occasionally go to see the Pelicans in Myrtle Beach where there is plenty of parking for free. Most the games down there are nowhere near capacity. Where are we going to park at this new stadium? From what I see there is no room for parking.

Seen This Before....and It Works.

I have resided in two cities the approximate size of Wilmington. Both added major league affiliate teams iun the 1990s and it was, and remains, wonderful in many ways for the community and region.

Yes, the usual suspects fought it tooth and nail, but, in the end progress won and both cities have never regretted the decision.

For those who want to keep economic development out of Wilmington, just look around at the mess most of the city is in. If it wasn't for the beaches, UNCW and Cape Fear CC, Wilmington -- public investment projects all -- the large areas of the city proper that are little more than urban cesspools and vacant buildings and swamp would be even more pronounced. We need to broaden our scope to keep Wilmington, NC in the game, folks.

It makes one want to through these Luddites into the outflow pipes of a future Titan Cement.

As one of the Luddites...

Maybe we can speak for ourselves. We Luddites had a lot of problems back in the long ago. One thing we did though- was that we paid our bills.On Time! In full! When the city of Wilmington can not afford to fix basic problems- maybe we need a few Luddites on council.

Wilmington

Oh?

If you don't expand the tax base and begin to attract economic assets to the area, you won't have the tax income avilable to pay for "stuff" (basic services) residents expect.

Most Luddites want nothing here, whether it is industry that wants to be here but disturbs some or a clean professional sports franchise that is as green as can be.

This is no way to build towards the future.

Remember, all it will take is an oil catastrophe fromm Cuba's deep water drilling program to ruin our fishing and beaches for a long time. Bet y'all didn't know about this tidbit.....

What was the financial

What was the financial conditions of those cities when they built the stadiums? Were the stadiums privately or publicly funded? I personally have no problem with anyone building a stadium. The problem I have is that the Wilmington taxpayers cannot afford it. We have a corrupt council that always votes in favor of the developers. They work for the best interest of the developers and not the citizens. They are fiscally irresponsible and cannot be trusted.

name those cities

Please tell us the name of those 2 cities, maybe we can learn how they have done successfully

Montgomery AL Akron OH

Montgomery AL
Akron OH

Now...the dates ;-]

Now...the dates ;-]

Thank you

Thanks for the info. I checked the Mongomery Al. Privately owned. Montgomery Professional Baseball, L.L.C., parent company of the Montgomery Biscuits, was formed by husband-and-wife team Tom Dickson and Sherrie Myers.
I will check the other next

Montgomery

Both cities, I belive, had a large stake in bringing major league affiliated baseball to their communities. Many cities have gone down the route Wilmington is going and have prospered.

As the benefits of this type of investment have become better known, cities are bidding for the right to have teams locate within their locales.

Wilmington citizens, area citizens and business in and about the stadium will prosper - creating revenue for the city.

Wilmington is lucky Atlanta sees value in coming here.

Here's a method of paying for your Ballpark...

Go ahead and spend as much of the city taxpayers money as fast as you can to shove it down their throats. Tax the living daylights out of them! NH County council has already opted out of this losing capital venture and simply don't want a part of it (understandably).

So now...you build your ballpark, another useless marina 20 miles up the river where nobody wants to bring their yachts anyway and there it stands. THEN...you give the city residents a discount to attend the games and apply ticket surcharges to everyone else that isn't being burdened with your tax increases. If you really believe baseball is THAT big here (as you tend to THINK it is...), you'll have sell-out attendance and pay the way.

My guess is that you'll be lucky to fill 25% of the stadium the first year, the marina...forget that, it'll remain as empty as the rest already are. The city residents can't get off their duffs to go vote in a decent mayor, they sure aas heck won't have any interest in a "boring game of baseball" (as I've heard it termed here). The ticket prices will be outrageous for the others and they will simply opt for a gorgeous day at the beach and a dinner out.

Well...at least that stupid, ugly, land nobody wanted finally got sold, right?

City council members and

City council members and Saffo: Your days are numbered. Next election, all of you are out.

This is insane, and as

This is insane, and as crooked as a hounds leg. They waited till after the election to do this. I want to know who's benefiting from this $30 million taxpayer dollars we are fixing to "throw away"? I know several pockets are going to be fattened from this.

The Anti-Stadium Rally in Support of Building A Big One

It strikes as hypocritical and (putting a Mccoy conspiracy hat on) intriguingly significant that the loudest critics of every civic project idea discussed and uncompromising bullhorns for “transparency and fiscal spending cuts” Mccoy, Curtis Wrong, and their minority supporters are holding a “anti-ballpark/multi-use stadium rally” where the featured speakers are supporters of the stadium who have been in what the Star News called secret backroom meetings for years to build this stadium and lure a team to play in it. Keynote speakers County Chair Ted Davis and rising star politician Rick Catlin are for the stadium, but have elections in a few months. Neither one of them has come out against a stadium, both support it with a formula like the convention center ROT formula. Davis and Catlin champion the secrecy behind meetings with the city, mandalay, John Hinnant, Louise McColl, and nobody is saying who else was in those secret "backroom" meetings (see the article in the Star-News). Wouldn't it be interesting if Mccoy puppet commissioner berger was a participant in those meetings, as more outspoken than mccoy citizens should know if berger is a hypocrite now that he's on the Board. It appears Chairman Davis wants the City to take the lead and heat while he campaigns for four more years running the County and Rick would look to a “regional” plan after he wins a state house seat this November. Those strategies paid off with the Convention Center, a Catlin-firm project supported by Davis and all the same cast of characters with the regional approach using ROT funds and formulas for the Convention Center for the new stadium. All of Mccoys favorite targets to attack have been involved behind the scenes with no complaints from ben this time. Louise McColl, Chamber, Wilmington Downtown, Mayor Saffo, the city council, the county commission, the Star-News even. Funny, Ben McCoy out touting an “anti-stadium rally” with pro-stadium and spending (the ego-clash with the city and county is clearly a negotiating ploy, thats it) politicians Ted Davis and Rick Catlin, rumored to be an investment partner in the stadium (interesting choice for an anti-rally). Meanwhile, Mccoy’s puppet berger is a fugitive in Mexico leaving no real opposition among local electeds. Does Rick catlin have to report his financial conflict of interest or does he get a pass while the media focuses on the extremist Berger and his weekly arrests...the perfect cover for shady fellow commissioners making the most of Berger's romances with less than wholesome younger women to ripoff taxpayers glued to Berger's personal life? With the fiscal guerilla on the lam, Ben M and curtis wrong are growing up right before our very eyes. Bravo gentlemen. Welcome to reality and hop on the economic development bandwagon!

Da**

I thought there were going to be public meetings on this before anything happened. To all you idiots who voted to re elect these selfish folks, I hope you are happy.

Uncommitted either way right now

This is a tacit admission on the part of the city council and staff that they do not possess the resident expertise in these matters, and spending about 1 penny per resident population may/can keep us from getting “gamed” for a whole lot more down the road.

This is what smart people call doing your homework.

I'm almost certain that most of the comments to follow will be made by folks that probably didn't do much homework.

Hurry up

Spend every dime you can and then just break the promise to not raise taxes. We are ruled by idiots. And we are idiots for electing them over and over full well knowing they are self-serving egotistical narcissist group.

Ballpark

Here we go....

A ballpark is a wonderful idea.....

As long as the developer/promoter pays for it. The city of Wilmington should not spend one dime of money they do not have, until they can scrape up enough money to fix the pothole in front of Java Dog.

It would take about two wheelbarrows worth of clay and less than a day's work to fix a real problem. This not some pie in the sky issue. Some woman is going to catch a heel in there and that will cost a lot more.