Ballpark could bring homes and businesses to downtown Wilmington


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Submitted: Wed, 10/31/2012 - 1:34am
Updated: Wed, 10/31/2012 - 12:33pm
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WILMINGTON, NC (WWAY) — If voters say yes to a baseball stadium next week, we could see some businesses and homes in downtown Wilmington.

Patrick Melton of South Street Partners says the Charlotte-based private real estate investment company has put in an offer to buy the Upper Dean Tract. That’s next to the Sawmill Point property between Cowan Street and the Isabel Holmes Bridge the city is negotiating to buy for a ballpark. Melton is listed as a manager for Sawmill Point.

In a news release, Melton says South Street would build high-end residential and retail space if voters approve a bond referendum to build the ballpark.

“We are serious about making downtown Wilmington a magnet for economic development,” Melton said in the release. “We know that the ballpark will make this area of downtown a true destination for entertainment and business. A mixed-use project overlooking the ballpark will be another key asset in the area’s ongoing development.”

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32 Comments on "Ballpark could bring homes and businesses to downtown Wilmington"


Korys Dad
2015 years 8 months ago

Please take the time to watch, listen AND learn!!

http://video.foxbusiness.com/​v/4116336/economist-no-econom​ic-benefits-to-new-stadiums/

Vote NO on stadium…

Josh Fulton
2015 years 8 months ago

WWAY,

I don’t know if you guys are trying to be “balanced” or what, but I would certainly rethink the title of this piece. There are dozens and dozens of studies showing that the economic impact of publicly funded baseball stadiums is ultimately NEGATIVE. It’s one of areas where there’s the most agreement in economics.

Additionally, South Street partners might say their “serious about making downtown a magnet for business”, but they only care about making a buck, something I typically don’t have a problem with. But they’re trying to make a buck by using the government to their advantage, something I don’t agree with. Well, let me rephrase that. If it went through on its own, and they capitalized, I wouldn’t disagree. But because they’re lobbying for this terrible thing I disagree and think they’re slime balls if they have the good sense to know this is a terrible deal and they’re pushing for other people to be hurt anyway.

Again, WWAY, I would change the title of this and get other voices for a more balanced piece.

– Josh Fulton

Vog46
2015 years 8 months ago

Got the heads up from Jim…………he’s the guy we should thank

Vog

Vog46
2015 years 8 months ago

I don’t think so Tom,

They gotta clear them Bushes before they can build….
Only joking of course.

Vog

Carol Kramer
2015 years 8 months ago

Vog46…Thank you so much. Nice to see such good civic involvement and caring.