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Clearly the Braves/Mandalay DO think it's an attractive project.

Why else would they commit to invest millions of dollars of their own capital and obligate themselves to a 20+ year lease. Professional and rational business people don't make such a commitment unless it were a "money maker".

A single A team in Wilmington with an inefficient ownership structure, inexperienced and ineffective administrator and operator playing on college field poorly located to attract visitors and ill-equipped to provide anything but basic fan amenities still managed to attract over 2,000 per night in their first and only season. A partnership bringing together professional owners and operators in a new stadium situated on the riverfront in downtown Wilmington designed to maximize the fan experience and tied-in with the fabric of downtown would, at minimum, double that expectation with sell-outs of the 6,000 seat facility not not out of the question.

As an investor myself, I assure you if private investors were able to avail themselves of the entirety of the breadth of revenue streams that will accrue to the region through increased economic activity(retail sales and job creation) - increased downtown redevelopment and investment(expansion of the tax base and increase in valuations, in addition to retail sales) and an increased share of region-wide tourism business (room occupancy taxes, retail sales, greater capacity utilization spurring added investment), it would be a slam dunk and indeed they would be lining up. But they cannot...these are the investment benefits for which an opportunistic municipal and county government are uniquely situated to enjoy.....the investment merits are compelling.


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