Ballpark Digest  Monday, Mar 10th  Last update05:10:15 AM GMT
You are here: Minor League News Reno withdraws funding plan for
Aces Ballpark  Reno withdraws funding plan for Aces Ballpark
E-mail Print PDF Reno Aces   The vote wasn't close -- 6-1 -- and
it came after new members of the City Council expressed fears
that backing such a large debt with general funds could lead to
a future downgrade in Reno's credit ranking. Now, it's not clear
what will come next: the city could decide it's not in the
business of paying down ballpark debt, or it could come up with
a different revenue stream to raise a million dollars annually.
The issue arose after the owners of the Aces, SK Baseball,
threatened to sell the team if the $55-million ballpark debt
wasn't assumed by the city and county. It's been a contentious
process -- normally owners don't threaten to move a team three
years after a ballpark opens -- but mall scion and billionaire
Herb Simon made it pretty clear he didn't mind losing tens of
millions on the bal