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Minor League Baseballtm MINOR LEAGUE BASEBALLTM {Appendix 1.1, to Sports Facility Reports, Volume 18} Research completed as of July 26, 2017 INTERNATIONAL LEAGUE (AAA) Team: Buffalo Bisons Affiliate: Toronto Blue Jays (2013) Principal Owner: Robert E. Rich, Jr. Team Value (as of July 2016): $34 million (Revenue: $12 million; Operating Income: $1.1 million) Team Website TWITTER: @BuffaloBisons Stadium: Coca-Cola Field Date Built: 1988 Facility Cost ($/Mil): $42 Facility Financing: The state of New York contributed $22 million and various other public entities paid for the remainder. Facility Website UPDATE: In 2017, the Buffalo Bisons added walk-thru metal detectors to all spectator gates. In addition, they have also added a no re-entry policy that states once inside the ballpark no one will be permitted re-entry, this also includes “anyone who wishes the leave the ballpark and the grounds around it to smoke or use tobacco-related products”. Also in the offseason of 2017, nearly 2,900 new, wider seats were installed in the lower section of Coca Cola Field. In May 2017, the Bisons made Coca-Cola Field smoke and tobacco-free. © Copyright 2017, National Sports Law Institute of Marquette University Law School Page 1 NAMING RIGHTS: The stadium was originally named Pilot Field. In 1995, the stadium was renamed North AmeriCare Park. In 1998, Dunn Tire Corp. took over the remaining eight years and $2.5 million on the naming rights contract with the City of Buffalo. Thus, the stadium was renamed Dunn Tire Park. Then in 2008, the Bisons agreed to a ten-year naming rights deal with the Coca-Cola Company. Team: Charlotte Knights Affiliate: Chicago White Sox (1999) Principal Owner: Don Beaver & Bill Allen Team Value: (as of 2016) 47.5 million (Revenue: 17.0 million Operating Income : 5.0 million) Team Website TWITTER: @KnightsBaseball Stadium: BB&T Ballpark Date Built: 2014 Facility Cost ($/Mil): $54 Facility Financing: The City of Charlotte funded $7.25 million through hotel taxes, Center City Partners funded $725,000, Mecklenburg County funded $8 million, and private investors funded the rest. Facility Website UPDATE: In 2017, the Knights completed a combined $400,000 worth of improvements divided among an enhanced sound system, additions to the children’s playground behind the center-field wall and new and expanded shaded areas in the left-field bleachers and along the right-field line. NAMING RIGHTS: In April 2012, the Knights announced that they had found a naming-rights sponsor for the new stadium. BB&T Corporations signed an eighteen-year deal for an undisclosed amount for the naming rights to the stadium, beginning in 2014. © Copyright 2017, National Sports Law Institute of Marquette University Law School Page 2 Team: Columbus Clippers Affiliate: Cleveland Indians (2009) Principal Owner: Franklin County, Ohio Team Value: (as of July 2016) $41 million (Revenue: $13.5 million; Operating Income: $4.0 million) Team Website TWITTER: @CLBClippers Stadium: Huntington Park Date Built: 2009 Facility Cost ($/Mil): $70 Facility Financing: The facility was financed by over $40 million in private funds, a $7 million state grant, the proceeds of selling the previous stadium, and revenue from ticket and concession sales. Facility Website UPDATE: In 2017, the Clippers added new craft brews from different brewers nationwide and remade their playground area in the ballpark. It was also announced in 2017 that the Clippers would host the 2018 AAA All-Star game and the 2018 AAA National Championship Game. NAMING RIGHTS: In February 2006, Huntington National Bank entered into a twenty-three- year, $12 million naming rights agreement for the Clippers' new ballpark to be called Huntington Park. Huntington Bancshares INC., parent company of Huntington National Bank, agreed to a 6 year, $2.5 million extension of the naming rights lease, which will now end in 2022. Team: Durham Bulls Affiliate: Tampa Bay Rays (1998) Principal Owner: Jim Goodmon (Capitol Broadcasting Co.) Team Value: (as of July 2016) $39 million (Revenue: $14.5 million; Operating Income: $3.9 million) Team Website TWITTER: @DurhamBulls Stadium: Durham Bulls Athletic Park Date Built: 1995 Facility Cost ($/Mil): $16.1 Facility Financing: The facility was financed through the City of Durham issuing Certificates of Participation in the amount of $10.97 million, taking out a $2.2 million loan from its water and sewer fund, deciding to implement a twenty-five-cent surcharge on tickets, and receiving money from sky box rentals. Facility Website © Copyright 2017, National Sports Law Institute of Marquette University Law School Page 3 NAMING RIGHTS: There are currently no naming rights for the Durham Bulls Athletic Park. Team: Gwinnett Braves Affiliate: Atlanta Braves (1966) Principal Owner: Atlanta Braves (Liberty Media) Team Website TWITTER: @GwinnettBraves Stadium: Coolray Field Date Built: 2009 Facility Cost ($/Mil): $64 Facility Financing: The Gwinnett County incurred about $77.5 million of debt that will be paid back over thirty years. Additionally, rental-car tax, as well as taxpayer money, has been earmarked to pay off stadium debt. Facility Website UPDATE: In May 2017, the Braves announced that they would be changing their name by the end of the season and that the fans would vote on the new name change. The team had a contest in June allowing fans to determine what the team name would be. Other aspects like the mascot will not change according to officials with the Gwinnett Braves. NAMING RIGHTS: In 2010, the Gwinnett Braves signed a sixteen-year, $4.5 million naming- rights agreement with Atlanta-based Coolray Heating & Cooling. The deal will expire in 2026. Team: Indianapolis Indians Affiliate: Pittsburgh Pirates (2005) Principal Owner: Indians, Inc. Team Value: (as of July 2016) $37.5 million (Revenue: $12 million; Operating Income: $1.6 million) Team Website TWITTER: @Indyindians Stadium: Victory Field Date Built: 1996 Facility Cost ($/Mil): $18 Facility Financing: The City of Indianapolis’ Capital Improvement Board financed half of the stadium costs and the Indians financed the other half through ticket sales and private fundraising. Facility Website UPDATE: In 2017, the Indians added a 35 by 50 foot HD video board in right field. Also along each baseline there are now two new ribbon boards lining the upper deck. Each display measures © Copyright 2017, National Sports Law Institute of Marquette University Law School Page 4 135 feet long and will provide in-game scoring, game information and more. The ballpark sound system was also upgraded. NAMING RIGHTS: The Indians have not sold the naming rights to Victory Field. Instead, the stadium is called Victory Field to commemorate the U.S. victory in World War II. Team: Lehigh Valley IronPigs Affiliate: Philadelphia Phillies (2007) Principal Owner: Joseph Finley and Craig Stein Team Value: (as of July 2016) $43 million (Revenue: $15 million; Operating Income: $4.1 million) Team Website TWITTER: @IronPigs Stadium: Coca-Cola Park Date Built: 2008 Facility Cost ($/Mil): $50.25 Facility Financing: The Commonwealth of Pennsylvania funded one-third of the cost, while Lehigh County funded the rest through the issuance of bonds and a hotel tax. Facility Website UPDATE: In 2017, the Iron Pigs unveiled a brand new HD video board at Coca-Cola Park. The Iron Pigs also added a new picnic area and a new food app. Also in 2017, the Iron Pigs extended its protective netting to cover all field level sections between the dugouts. The new netting provides 33 percent more visibility than the old backstop, and it's still strong enough to protect fans from a line drive foul ball. NAMING RIGHTS: In 2007, the Lehigh Valley IronPigs signed a ten-year naming rights agreement with Coca-Cola, with an additional five-year option. Financial details were not disclosed. In 2015, the Irongpigs extended the naming rights agreement with Coca Cola. The naming rights lease will now be extended into 2027. Additional terms of the agreement were not disclosed. © Copyright 2017, National Sports Law Institute of Marquette University Law School Page 5 Team: Louisville Bats Affiliate: Cincinnati Reds (2000) Principal Owner: Stuart and Jerry Katzoff Team Value: $36 million (as of July 2016) (Revenue: $12.5 million; Operating Income: $2.1 million) Team Website TWITTER: @LouisvilleBats Stadium: Louisville Slugger Field Date Built: 2000 Facility Cost ($/Mil): $27.8 (initial), $39 (final) Facility Financing: The field was financed through a partnership between the City of Louisville, the Bats, Hillerich & Bradsby, the Brown Foundation, Humana Inc., and the Humana Foundation. Facility Website NAMING RIGHTS: Hillerich & Bradsby, makers of the famous Louisville Slugger baseball bat, paid $2 million for lifetime naming rights to the Stadium. UPDATE: In 2017, the Bats added a new scoreboard that measures 30 feet wide by 36 feet high and has a high-definition layout that offers better image clarity, brightness and wide-angle visibility. The Bats also added a new videoboard which has an LED screen and measures 45.5 feet wide and 29 feet high, offering similar upgrades in picture quality and clarity. The team has also replaced the sound and lighting systems, installed new protective wall padding and new netting between the field and the fans to protect visitors from stray balls, and has replaced carpet inside the stadium and given parts of the complex a new paint job while also adding new paint and carpet in the players' clubhouse. Team: Norfolk Tides Affiliate: Baltimore Orioles (2007) Principal Owner: Maryland Baseball Holding, LLC Team Website TWITTER: @NorfolkTides Stadium: Harbor Park Date Built: 1993 Facility Cost ($/Mil): $16 Facility Financing: Harbor Park was financed through rent from the Tides and revenue from non-sports events held at the park. Facility Website NAMING RIGHTS: There is currently no naming-rights agreement in place. © Copyright 2017, National Sports Law Institute of Marquette University Law School Page 6 UPDATE: In March 2017, the city of Norfolk announced that a firm hired to sell the rights to Harbor Park has set the price for naming rights between $400,000-$500,000 per year.
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