Friday, July 17, 2009

Knights Stadium Update

Today's Charlotte Business Journal reports new information on the proposed Knights Stadium in Third Ward. Due to delays caused by legal actions against the county and the Knights, the projected cost for the stadium's construction has ballooned from $35 million to over $60 million, which "defies logic for private investment" according to sports consultant Max Muhleman.
The Knights plan to reassess plans when the court battles are settled. Options for moving forward include a public-private partnership and the sale of naming rights - difficult in the current economic environment.
To add to the neighborhood discussion of this significant issue, follow this link.