INSIDE BASEBALL: Two revenue sharing options don't appear lucrative
WILMINGTON, NC (WECT) - During Tuesday's Wilmington City Council meeting, members of the private development team known as Flywheel/Trask, which includes representatives from Mandalay Baseball and the Atlanta Braves, presented council members with the first proposal for funding a minor league baseball stadium.
According to rough estimates by the development team, the stadium would cost between $33.2 million and $35.7 million. For the sake of the following exercise, we will use a cost in between of $34 million.
The development team would be responsible for securing a 30-year loan to fund the stadium with the city sharing the costs. A 30-year loan on a $34 million stadium would come out to roughly $1.1 million dollars a year without interest payments.






























































