Menu
Facilities

Red Sox In Line For Tax Credits If Fenway Lands On National Register For Historic Places

The Red Sox are “on deck to pick up another $40 million in tax credits -- bringing their total to $80 million -- if Fenway Park’s pending bid for a listing on the National Register of Historic Places is approved next spring,” according to Thomas Grillo of the BOSTON HERALD. Team officials “face a pair of hearings seeking local support for their federal application.” The team will “make the case for Fenway Park before the Boston Landmarks Commission on Tuesday, to be followed by an appearance before the Massachusetts Historical Commission in December.” Typically, if local boards “approve the application, the federal government gives the go-ahead.” That could happen "by next spring -- in time for" the team's centennial season. Historic Boston Exec Dir Kathy Kottaridis said, “Being listed puts you in line for historic tax credits for doing the right kind of preservation.” Red Sox Senior VP & Special Counsel David Friedman would not disclose how much team owners will seek in tax credits should Fenway Park be named to the National Register, but he did acknowledge that the team “has spent $285 million in private capital to upgrade the park, add seats and improve lighting and scoreboards.” If they win a spot on the National Register, the Red Sox owners are “in line for a 20 percent investment tax credit for the certified rehabilitation of the 99-year-old ballpark, which turns 100 next year.” Massachusetts Secretary of State William Galvin’s office said that John Henry’s ownership group “has received $11.4 million in historic tax credits so far and is hoping to score another $28.4 million for a total of $39.8 million” (BOSTON HERALD, 10/20).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2011/10/20/Facilities/Fenway.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2011/10/20/Facilities/Fenway.aspx

CLOSE