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WILMINGTON, NC (WWAY) — The Atlanta Braves, Mandalay Baseball Properties and the City of Wilmington have reached a tentative ballpark agreement. The city says the cost of the ballpark will not exceed $31 million and would be paid for by a 2.5-cent property tax increase.

A news release says the Braves have committed to put a minor league team in the Port City for at least 20 years and pay the highest rent in the Carolina League. Ownership expects the team will bring approximately 25 full time jobs and 350 seasonal jobs.

Click here to see the proposed Memorandum of Understanding

“We continue to believe a multi-use facility and an affiliate of the Atlanta Braves will be a tremendous boost to the City of Wilmington,” Atlanta Braves Executive Vice President of Business Operations Mike Plant said in a statement. “As people take time to review this proposal, they will see the value of the Atlanta Braves’ commitment to becoming part of the Wilmington community for decades to come.”

City Council is expected to vote on the plan at its meeting Tuesday. Voters will decide on a bond referendum for the stadium November 6.

This evening, the city released some of the details of the plan for the ballpark:
-A 6,200-seat ballpark to be located on at least seven acres of downtown riverfront property that could also include a 1.5-acre city park
-Ballpark construction costs would not exceed $31 million, funded by a 2.5-cent property tax increase
-20-year commitment by the Braves
-Anticipated cost of $6 million for land acquisition/remediation; this money would be paid back to the city from the Braves/Mandalay with annual rent and management fees
-Target date for completion would be April 2014 or April 2015, depending on final design
-Braves/Mandalay would be responsible for ballpark’s operating expenses and in exchange would receive all revenues
-Annual management/rent fee payments of $500,000 from the Braves/Mandalay for 20 years
-Another club, such as a university team, could use the ballpark as its home stadium if agreements can be reached
-Project contingent upon:
·Passage of voter referendum
·City acquiring the site and able to build the ballpark for $31 million
·Team purchasing the minor league club in Lynchburg, VA, moving it here and being approved by Major League Baseball, Minor League Baseball and the Carolina League

The full agreement and City Council agenda materials will be posted on the city’s website by noon on Friday

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2016 years 2 hours ago

Amazing that any stadium has ever worked! Lets keep Wilmington in 1967! Change is BAD! Leave it an empty lot! There is risk. Its worth it to me at roughly 65 bucks a year to my taxes. GEEZ.

2016 years 2 hours ago

posts on this story are from the same 4 echos. Surf-Chef-Rick and Vog.
Hey Boys “It’s on the Ballot” Save your last brain cell and Just Vote No. All your essays are only falling on about 100 people. World Peace might be a more meaningful topic.

2016 years 2 hours ago

Try to keep up on stories will you?
Before the stadium what was Shoninger planning for that land?
Hotel and marina sound familiar?
No public monies used
Dean Hardwood land? Plans for development for that too.
No public monies used.

So now Ripken says I can build it with NO PUBLIC MONIES used and you want to vote to increase taxes?

Yeah, your name fits -embarrassing


2016 years 2 hours ago

the albatross would be the city funded ball park.

The CC is already built; and that would be the White Elephant.

I continue to wonder why Dukie & his cohorts rally around the referendum based bonds and city funded ball park when Ripken will do it better and more cost effectively.

And you’re right, Ripken does things the right way. At the end of the day, they still hold their heads high.

2016 years 2 hours ago

For our readers please use the actual term (please?)

“Except, it still leaves the owner of that over priced piece of river front acreage, aka The Albatross, sitting in it’s current owner’s portfolio along with the debt service.

It continues to strike me that the Proponents have a vested interest in that albatross.”
Are we talking CC or stadium?

Look the CC is built – we have to deal with the possibility of 20 years of under performance which will need to be addressed as part of the Citys Budget.
To alleviate confusion – this means that the CC fund (consisting of room taxes collected… Read more »

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