spot_img

Missouri taxpayers pay for $4M in improvements to Springfield baseball stadium

(The Center Square) – New lights shining in Springfield’s minor league baseball stadium were paid for with $4 million from Missouri taxpayers.

The city of Springfield and the Springfield Cardinals recently announced completion of the lighting project and expressed thanks to Republican Missouri Gov. Mike Parson and area legislators for securing the funds in House Bill 7, which appropriated $850 million for the Department of Economic Development. The bill also included $28.6 million for construction of a park over Interstate 670 in Kansas City and $20 million for construction of public infrastructure to support an amphitheater in Jefferson City.

“The LED lights are not only a critical upgrade in continuing to bring our ballpark into compliance with Major League Baseball’s facility standards, but they will also greatly enhance the fan experience during games and events and allow us to really have some fun from an entertainment standpoint,” Springfield Cardinals General Manager Dan Reiter said in a statement.

Springfield purchased Hammons Field, the 8,000-seat home of the Double-A baseball team and the Missouri State University baseball team, for $12 million in March. Springfield used unrestricted savings from its general fund and money earmarked for “economic vitality” from its property tax fund for the purchase, according to a media release from the city.

Springfield also created an initial $4 million capital improvement fund to make immediate improvements, mandated by Major League Baseball, to address player health and safety and spectator experiences. The state funds will cover those costs.

- Advertisement -

“It is no secret that tourism drives Missouri forward and provides a benefit and boon to state revenue, and we believe this project only strengthens Springfield as a tourist destination for the state,” Springfield Mayor Ken McClure said in a statement expressing thanks to Parson and area legislators for the money. “The City is working closely with the Springfield Cardinals to improve the facilities, as well as identifying opportunities to improve the visitor experience and remain competitive.”

The city’s purchase of the stadium came after the Springfield Cardinals filed a lawsuit against the previous stadium owners, according to a report in the Springfield Business Journal. The John Q. Hammons Charitable Trust and JD Holdings LLC, failed to honor capital improvement obligations, including new lighting at the stadium, replacement of seats and renovation of suites totaling $8 million.

JD Holdings LLC purchased approximately $1 billion in assets from the John Q. Hammons Hotels and Resorts, consisting of 35 hotels and dozens of other assets, and then created a new Hammons trust with $20 million in 2018.

Springfield purchased the stadium and two lots for parking. The St. Louis Cardinals in May sold the Springfield baseball club to Diamond Baseball Holdings. Springfield also signed a 15-year lease with the baseball club.

Parson vetoed five items for a total of $1.8 million from the bill.

Springfield also expressed thanks for $8 million in state funding to repair a footbridge over 13 rail lines. The bridge, closed since 2016, allows pedestrians access to a commercial district.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Trump, Xi meeting to be packed with slew of hot topics

After postponing a scheduled trip to China from March...

Everyday Economics: Stable but weak under the surface

The April jobs report looked fine. Payrolls rose, unemployment...

U.S. farmers struggling with high price of fuel, fertilizer as bankruptcies rise

(The Center Square) – As Congress continues working on...

Nebraska voters to elect party representatives

Voters in Nebraska will head to the polls on...

Election 2026: Poll indicates much work to be done in North Carolina’s 1st

(The Center Square) – Key findings from a Republican...

Nonprofit flies troops home for milestones they can’t afford to miss

For junior enlisted military members earning about $30,000 a...

Data shows more violent retail thefts, lost sales tax revenue.

(The Center Square) – New data shows that violent...

More like this
Related

Trump, Xi meeting to be packed with slew of hot topics

After postponing a scheduled trip to China from March...

Everyday Economics: Stable but weak under the surface

The April jobs report looked fine. Payrolls rose, unemployment...

U.S. farmers struggling with high price of fuel, fertilizer as bankruptcies rise

(The Center Square) – As Congress continues working on...

Nebraska voters to elect party representatives

Voters in Nebraska will head to the polls on...