MLB Giants Payroll To Top $200M For First Time Mitt Romney In Talks With Yankees For Small Stake Manfred: Talking To Players About Rules "Difficult" Redskins Still Silent On Cooley's Comments Orioles Exec VP Wouldn't Want A Trump First Pitch Sounders Approved To Add Star On Replica Jerseys Montgomery Biscuits Being Sold To Lou DiBella's Group Baseball HOF Tour Returning For Second Season Canucks Owners Interested In CFL B.C. Lions First Data Lands Rights To Mets' Fla. Complex
CHARLOTTE STUDY SAYS CITY CAN SUPPORT MLB, BUT AT A COST
Published May 19, 1998
A feasibility study unveiled yesterday concluded that Charlotte "can make big league baseball work -- but only with a first-class uptown ballpark that could come at a steep price to taxpayers," according to Foon Rhee of the CHARLOTTE OBSERVER. The study, commissioned by the Charlotte Regional Baseball Partnership, projects that a team would draw an average of 25,000 and could raise $30M in PSLs from 10,000 season tickets. Prospective Twins Owner Don Beaver's group "might come up with an additional" $70M or so through naming rights, parking and concessions, but that would leave another $100M of financing to be found (CHARLOTTE OBSERVER, 5/19). Muhleman Marketing's Max Muhleman, who conducted the study: "What we conclude is the Charlotte market at this time is likely to provide mid-level support of [MLB]" (Raleigh NEWS & OBSERVER, 5/19). NC Triad Business Journal Exec Editor Justin Catanoso writes, "The results, the advocates said, were encouraging but not overwhelming" (Minneapolis STAR TRIBUNE, 5/19).