Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions UNLV Faces Challenges In Sharing Raiders Venue MSG Partners Get Digital Play At NCAA Regionals MLL Bayhawks Want 10,000-Seat Facility Facility Notes
SBD/March 7, 2012/Facilities
Published March 7, 2012
DEVELOPMENT CENTER: In Boston, Casey Ross reports a court ruling has "removed the most significant legal barrier standing in the way of the long-delayed Fenway Center development," a $450M complex of apartments, stores, and offices to be built over the Massachusetts Turnpike. Fenway Center "calls for development" of 550 apartments, retail stores, parking garages, and a 27-story office and residential building on parking lots near Fenway Park. A "new commuter rail station is also slated to be built next to the site" (BOSTON GLOBE, 3/7).
EVERYBODY SETTLES: In Phoenix, John Yantis reports the city of Goodyear and its insurance company will pay $1.1M to "settle legal entanglements" land surrounding its ballpark and spring training fields. Under the settlement, the city will pay $650,000 and its insurer will kick in an additional $450,000 to "settle claims over payment for roads, utilities, traffic signals and other improvements at the site." The agreement "ends a lawsuit by landowners that charged the city wrongly benefited from the development." The settlement "effectively clears the way to develop the roughly" 100 acres around the ballpark and training facilities used by the Indians and Reds (ARIZONA REPUBLIC, 3/7).