Using county land saves up to $6m of costs
Ripken claims he can build it for $8M to $10M less
Right there based upon the "Mandalanta mess", you're saving $16M
If the 5500 seat stadium was going to be around $25M you're abut $8M short but if you get retailers to get on board a regional mall type set up they would contribute to this development.
I can see why Ripken is saying no taxpayer costs - he's real close in my mind - and I haven't seen the fine print yet.
Ripken makes his $ on design fees and development fees -lets Mandalanta make money on the ongoing baseball operations and the county reaps the increased tax dollars.
I say its worth exploring.
I think about this in golf terms - you always here things like "A Pete Dye designed course", or a Jack Nicklaus or Greg Norman designed course. Adding the Ripken name to the stadium project is a good calling card.
But Ripken also brings something else to the table - other team interest. Cal currently has 3 different MLB affiliated minor league teams - Baltimore, the Rays and the Giants.
Its no secret that 3 and possibly 4 minor league teams will be sold and moved over the next 12 months. With another 3 or 4 moving in 2014. MiLB wants to expand as well.
This COULD add to the competition of just who would like to occupy the stadium. It doesn't necessarily mean Lynchburg/Atlanta - it could be a dark horse team.
MiLB wants a team in Kinston
MiLB wants a team in Fayetteville
If Wilmington gets in ahead of those projects better for us.
But, I will say this - I don't "see" a retailer succeeding over there (nor do I see them succeeding down town) - but if I don't have the risk? I got no problem with them taking the chance
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