Bayern Munich Partners With Columbia Univ. Blank Hiring CEO To Oversee Teams, Business Topps Signs Astros SS Carlos Correa Schilling Bumped From "Sunday Night Baseball" Redskins, Native Americans Ordered To Mediation Jose Bautista Refuses Sportsnet Interviews Columnists Implore MLB To Install Nets Tigers Repair Damage From Fallen Concrete Bills Tap Former Player For Alumni Relations Blue Jays' Anthopoulos Deserves Credit
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).