Future
The new stadium, which would be called BB&T Ballpark, is expect to cost $54 million. Mecklenburg County is contributing land valued at $20–24 million, and an additional $8 millon in cash. The city of Charlotte is contributing $7.25 million, with another $750K From Charlotte Center City Partners. The remaining $38 millon will be financed by the Charlotte Knights. Construction of the new stadium is expected to begin in October, 2012.
Knights owner Don Beaver said the only thing left is lining up financing for the team’s share of the cost. As part of the agreement, the Knights must begin play in the new stadium in 2014, are responsible for construction cost overruns, and annual stadium operating cost.
In addition to financial hurdles, the planned stadium has also run into a series of legal challenges. Attorney Jerry Reese – who reiterated that he believes the city is better suited for major-league baseball – has filed at least five lawsuits to block an uptown stadium.
Read more about this topic: Knights Stadium
Famous quotes containing the word future:
“What seems to us serious, significant and important will, in future times, be forgotten or won’t seem important at all.”
—Anton Pavlovich Chekhov (1860–1904)
“Perfect present has no existence in our consciousness. As I said years ago in Erewhon, it lives but upon the sufferance of past and future. We are like men standing on a narrow footbridge over a railway. We can watch the future hurrying like an express train towards us, and then hurrying into the past, but in the narrow strip of present we cannot see it. Strange that that which is the most essential to our consciousness should be exactly that of which we are least definitely conscious.”
—Samuel Butler (1835–1902)
“Higher than the question of our duration is the question of our deserving. Immortality will come to such as are fit for it, and he would be a great soul in future must be a great soul now.”
—Ralph Waldo Emerson (1803–1882)