BB_bannerv2

Minor League Baseball Stadium Project

Bringing Professional Baseball Home To Fayetteville

Signing Ceremony - December 13, 2016

  


Play Ball!

mayorastrosThe City of Fayetteville has signed a Memorandum of Understanding (MOU) with the Houston Astros for the city to build a downtown baseball stadium and mixed-used commercial property, including a parking garage as an economic catalyst for the downtown. In return, the Houston Astros will bring a minor league baseball team to Fayetteville for a minimum of 30 years. This new baseball stadium would  be built behind the Prince Charles building in order to provide patrons and residents access to linear trails, downtown businesses and restaurants.

The MOU is a non-binding obligation that demonstrates a commitment to continue to work diligently and in good faith toward the objectives outlined in the MOU, and  has no effect unless and until both the City and the Astros mutually agree and fully execute the definitive agreement which, if signed, will occur in a 45 to 60 day window following the signing of the MOU on August 17, 2016. 

The next steps in this process will be to develop a definitive agreement with the Astros, further refining those points agreed upon in the MOU, as well as adding in any new criteria the City may decide upon in this period. The definitive agreement, if agreed upon, will cement the relationship between the City and the Astros to the point where we would then begin taking steps to build the stadium.

 HAY STREET

RAY AVE COLOR

NW AERIAL

Below are some of the highlights from the MOU, a complete copy of the MOU is available for reading:

  • The City can terminate the MOU if an acceptable financing plan is not developed and approved.
  • The stadium will be completed in time for the 2019 playing season, with a 30-year lease that commences upon initial occupancy of the venue.
  • The City is guaranteed a Minor League Baseball team for the entire 30-year lease term.
  • The stadium will be a multi-use outdoor sports and entertainment venue, which in addition to hosting minor league baseball, can also accommodate outdoor concerts, other sporting events that include high school and college baseball tournaments, high school and college football and soccer games, the Iron Mike Marathon, the Dogwood Festival, the International Folk Festival, community events such as the Special Olympics Torch Run, the Veterans Day parade, and family friendly events such as the Dickens Festival.
  • The building of the baseball stadium is anticipated to generate considerable new spending and a resulting economic impact on an annual basis amount to $7.2 million in annual economic output, $1.7 million in annual labor income and $365,000 in additional taxes. 
  • The stadium is expected to be a catalyzing economic development tool that attracts and retains business, provides national exposure and increases civic and community pride, and provides for an improved quality of life for local residents.
  • The City will work with the Astros to coordinate design and construction of the venue, and agree to utilize local firms and suppliers and encourage the participation of minority and woman-owned businesses where feasible.
  • The City will finance and construct the venue, which will be designed for multiple uses.
  • The Astros would be obligated to provide a full-season, affiliated Minor League Baseball team that is a member of the National Association of Professional Baseball Leagues and manage and pay for operations and maintenance of the stadium. 
  • Deviations in the construction, which could result in venue costs exceeding budget must be approved by the City, unless paid for by the Astros.
  • The Astros will pay the City of Fayetteville yearly rent on the stadium beginning in the amount of $250,000 and increasing after every fifth year for a total sum of more than $9 million.
  • The Astros and Minor League Baseball will guarantee 70 home games per season. The City gets 50% of naming rights revenues on the stadium and will jointly market the naming rights to the venue.
  • The City will assist the Astros in conducting a parking study to demonstrate adequate parking within ½ mile of the stadium, which is in compliance with the requirements set forth in the Major League Baseball rules.




Financing Model

baseballfunding


Baseball Stadium Public Forum - November 28, 2016



Frequently Asked Questions (FAQs)

Click here for FAQs regarding the Minor League Baseball Stadium Feasibility Study.


Minor League Baseball Feasibility Study - June 17, 2016

baseballCOFBefore entering a partnership with the Houston Astros, a feasibility study has been completed and presented to council, which is highlighted in the PowerPoint below, titled “Catalyst Site 1 Feasibility Study IPM/Barrett Presentation to City Council (Feb. 1, 2016).” Barrett Sports Group conducted the study and will presented the findings to the City Council on June 20. Barrett Sports Group has disseminated a survey to Fayetteville residents to gauge their interest in a minor league baseball team and is also exploring options to fund the construction of a new downtown stadium. Stadium naming rights, sponsorships, season ticket sales, club seat sales, suite sales, grants and bonds are all funding options. The possibility of the stadium serving multiple uses, other than baseball, is also being explored. Options for stadium use also include football, soccer, college baseball and softball, little league to high school baseball and softball tournaments and concerts; all of these potential uses would provide additional revenue streams to fund the stadium construction.

Additionally, downtown baseball stadiums have proven to be economic development catalysts in other cities across the country and officials are examining if the same economic successes can be accomplished here. Traditionally, once play begins at a new baseball stadium, economic investment occurs around the stadium – including residential structures - and this has been exemplified in many cities across the country with minor league baseball stadiums. The addition of a new baseball stadium and construction of phase 2 of the North Carolina Veterans Park could serve as economic catalysts for the area.


Videos

A driving simulation showing the physical boundaries around the stadium and mixed-use project, which includes the reconstructed Rowan Street bridge and Bragg Boulevard are shown in the video below.

City Council Special Meeting - June 21, 2016

 

City Council Regular Meeting - June 27, 2016


Artist Renderings

Phase 2 Aerial Stucco

phase 2 aerial_stucco_sm

Concourse Final Stucco

concourse_final_stucco

Downtown Site Plan

downtown site plan


Documents and Links


Media Coverage

MLB.com (Major League Baseball) 

MiLB.com (Minor League Baseball)

Buies_Creek



The Fayetteville Observer

Video

Articles

Up and Coming Weekly

WNCN - CBS North Carolina 

ABC11

 

Time Warner Cable News

Ballpark Digest

Baseball America

SB Nation

Baseballparks.com

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.