The Virginia Senate this month passed a bill that would allow the city of Fredericksburg to capture additional revenue from its planned minor league baseball complex.
State law allows certain localities, including Fredericksburg, to retain a portion of state sales tax revenues generated at public facilities such as minor league baseball stadiums to help pay off the bonds issued to build them. Link
The investors in the planned Fredericksburg minor league baseball complex plan to purchase the land in February, break ground in March and have the facility ready for the start of the 2015 season.
The stadium project itself, estimated at $29 million, is being built with private funds. Fredericksburg is providing an array of tax reimbursements to the partners to help cover the debt service on the complex. Link
The city of Richmond has received a second unsolicited offer to purchase a warehouse near The Diamond that has been at the heart of a battle between the city’s School Board and the administration of Mayor Dwight C. Jones. Link
The Mayor should ask City Council to put an advisory referendum on the ballot this November letting the people decide whether they want baseball on the Boulevard or in the Bottom. If Richmond residents want to make the decision themselves, they can vote against both sites or pick one and reject the other. Link
Last Tuesday night, each of 50 Richmonders traveling to Durham, N.C., the next day to see the transformative wonders of its baseball park, falls into deep slumber. Something amazing happens. They all experience the same dream. Link
For the third time since June, school leaders this week thwarted an attempt by Mayor Dwight C. Jones to wrest away a piece of school property that a private company wants — a potentially troubling development for Jones since there are two other, higher-profile school properties in the middle of the Boulevard development area. Link
The Richmond City Council voted unanimously Monday to authorize the city to take ownership of The Diamond baseball stadium from the Richmond Metropolitan Authority at the end of this year, a move that will allow the city to retake control of land it gave up for the ballpark in 1984. Link
Richmond residents repeatedly bucked the moderators at Thursday evening’s town hall meeting on the mayor’s development plan for Shockoe Bottom and the Boulevard, asking pointed questions about slave history and financial projections and taking loud issue with a two-minute time limit imposed on speakers from the public. Link