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Public Funding

All articles tagged with #public funding

Rays map $967M public stake in new stadium plan ahead of key votes
business12 days ago

Rays map $967M public stake in new stadium plan ahead of key votes

The Rays released a non-binding memorandum of understanding outlining a $967 million public contribution toward a $2.3 billion stadium, a shift from the prior $1.065 billion subsidy. The MOU comes ahead of anticipated votes by the Tampa City Council and Hillsborough County Commissioners and a June 1 deadline for definitive agreements. If approved, the deal would help secure state funding to redevelop the Dale Mabry campus of Hillsborough College and advance a privately financed development, though state lawmakers say funding should wait for local agreements.

via Tampa Bay Times|
#business#hillsborough-county#public-funding
New York–New Jersey World Cup shuttle price slashed to $20 as yellow buses roll out
world13 days ago

New York–New Jersey World Cup shuttle price slashed to $20 as yellow buses roll out

The NY/NJ World Cup host committee cut the MetLife shuttle price from $80 to $20 and expanded capacity to 18,000 seats for five games (and 12,000 weekday seats for group-stage matches) by hiring classic yellow school buses, backed by a $6 million New York State investment that includes $60 refunds for fans who already paid $80 and reserving about 20% of seats for state residents; NJ Transit also lowered its fare from $150 to $98 to spare commuters, with buses operating from three Manhattan hubs and a fleet of roughly 300 buses supported by private partners.

via The New York Times|
#metlife-stadium#new-york-new-jersey#public-funding
Columbus lands NWSL expansion, targeting 2028 debut
sports1 month ago

Columbus lands NWSL expansion, targeting 2028 debut

Columbus was awarded the NWSL’s 18th franchise, set to debut in 2028 with home games at ScottsMiracle-Gro Field. The ownership group is led by Jimmy and Dee Haslam alongside Nationwide and other partners, and the city of Columbus and Franklin County will each contribute $25 million toward a new training facility and stadium upgrades, financed by bonds repaid with a 2% ticket tax; the team must stay in Columbus for 25 years or funds can be clawed back. The deal includes a reported $205 million expansion fee (a league record) and an expected $300+ million total investment. The franchise will be referred to as Columbus NWSL 2028 until fans help choose a final name, with $28 deposits for tickets available online; a last-minute amendment required identifying a replacement site for McCoy Park if needed.

via The Columbus Dispatch|
#columbus#expansion-fee#haslam-sports-group
Rays Stadium Funding Hinges on Hillsborough Public Dollars and Approvals
politics1 month ago

Rays Stadium Funding Hinges on Hillsborough Public Dollars and Approvals

County Administrator Bonnie Wise told commissioners that money from the Community Investment Tax and other reserves will likely be needed to cover the Rays’ proposed public share for a new ballpark, as officials review a non-binding memorandum of understanding and assess funding, infrastructure, and land-use questions before any public funds are spent and deals are finalized.

via Tampa Bay Times|
#community-investment-tax#hillsborough-county#politics
Kansas City Eyes $1.9B Royals Stadium Plan with City Funding and 30-Year Lease
local-news1 month ago

Kansas City Eyes $1.9B Royals Stadium Plan with City Funding and 30-Year Lease

Kansas City Mayor Quinton Lucas unveiled a $1.9 billion plan to build a new Royals stadium and surrounding infrastructure in downtown, proposing about $600 million in city funding with potential state support under Missouri’s law enabling up to 50% of major stadium costs; the plan would need City Council approval and a 30-year lease with the Royals starting in 2030, with construction hoped to begin in early 2027 and the venue ready for play a year before the lease starts. The Royals have not formally weighed in on terms, and there is no public vote included in the proposal.

via MLB Trade Rumors|
#downtown-kansas-city#kansas-city#local-news
politics1 month ago

Dems Bar Blakeman From NY Public Campaign Financing

Democrats on New York's Public Campaign Finance Board decertified Nassau County Executive Bruce Blakeman and his running mate from the state's public financing program, potentially denying up to $7 million in matching funds as he challenges Gov. Kathy Hochul. The move rested on a December rule requiring joint enrollment for running mates; with lieutenant governor candidate Todd Hood not filing, the ticket was deemed ineligible. Republicans called the decision political maneuvering and a bureaucratic snafu. Hochul did not participate in the program; several other candidates were removed, leaving only one enrolled candidate who isn’t a serious contender, setting the stage for a likely lawsuit by Blakeman.

via Politico|
#campaign-finance#elections#new-york
Blazers Seek Public Backing for Moda Center Makeover
business2 months ago

Blazers Seek Public Backing for Moda Center Makeover

With new Blazers owner Tom Dundon taking charge, Portland is pushing to secure public funding for a $600 million Moda Center renovation after Oregon approved tax-diversion funds; the remaining cost would come from the city and Multnomah County. Lobbyists have taken officials to Charlotte to study publicly funded arena deals and have signaled that full public financing may be the only path, even as some councilors remain skeptical about diverting clean-energy funds and delivering clear city benefits. The proceedings appear politically charged, with warnings that officials could face political fallout if they oppose the deal.

via Blazer's Edge|
#business#lobbying#moda-center
Public funds drive Moda Center overhaul to keep the Blazers in Portland
local2 months ago

Public funds drive Moda Center overhaul to keep the Blazers in Portland

Portland and Oregon officials are near a roughly $870 million public package to renovate Moda Center in exchange for a 20-year lease guaranteeing the Blazers stay in Portland, funded through state bonds, city and county contributions, and various revenue streams; negotiations continue amid concerns about funding sources and potential team relocation as the sale to Tom Dundon progresses.

via Oregon Public Broadcasting - OPB|
#arena-renovation#local#moda-center
Rays Push $2.3B Stadium Plan as Public-Funding Debate Heats Up
sports3 months ago

Rays Push $2.3B Stadium Plan as Public-Funding Debate Heats Up

Newly owned Rays are pursuing a $2.3 billion stadium at Hillsborough College with a $8–$10 billion mixed-use development around it, seeking roughly half the cost from the team and the rest from public funds. The plan faces political hurdles in Tampa and Hillsborough County, a potential relocation threat, and an exclusive 180‑day negotiating window, as MLB signals urgency on stadium solutions amid expansion talks.

via MLB Trade Rumors|
#hillsborough-college#public-funding#rays
Rays pledge to fund at least half the cost of new Tampa stadium amid Hillsborough funding talks
business3 months ago

Rays pledge to fund at least half the cost of new Tampa stadium amid Hillsborough funding talks

The Tampa Bay Rays say they will cover a minimum of 50% of a new Hillsborough County ballpark’s construction costs (including overruns and ongoing maintenance) in exchange for public funding that could cover up to 50% from sources like tourism taxes, hotel taxes, a Community Investment Tax, a nearby development district, and other local fees; the planned stadium near Hillsborough College on Dale Mabry could cost about $2.3 billion, with terms not yet finalized and a county meeting scheduled to discuss a term sheet. The Rays would bear all financial risk and guarantees, with potential state involvement to be determined.

via Tampa Bay Times|
#business#financing#hillsborough
Rays eye Hillsborough campus for stadium as funding and approvals loom
sports4 months ago

Rays eye Hillsborough campus for stadium as funding and approvals loom

The Rays have a non-binding memorandum of understanding with Hillsborough College to explore a new ballpark on the Dale Mabry campus with a 2029 opening target. Financing would be a public-private mix, potentially up to roughly $1.1 billion in public subsidies from bed taxes and the Community Investment Tax. A wide array of players—county commissioners, the City of Tampa, the Tampa Sports Authority, state education boards, and the governor’s circle—must approve and navigate hurdles such as political opposition, airport-height restrictions, and redevelopment considerations. Hillsborough College would lease the land to the Rays, with ownership potentially transferring to the county if public money is used. The path forward is uncertain and depends on a lengthy approval process and coordination among many agencies and local neighbors.

via tampabay.com|
#hillsborough-college#public-funding#rays
School Pool Remains Closed After Repairs Contract Ends Unfinished
education4 months ago

School Pool Remains Closed After Repairs Contract Ends Unfinished

The school pool at Trentham Academy in Stoke-on-Trent has been barricaded and heating issues persist due to unfinished repairs after the end of a 25-year Private Finance Initiative (PFI) contract, which led to the liquidation of the maintenance company and left schools with unresolved issues and financial concerns about the management and profits of the contract.

via BBC|
#education#pfi-contract#public-funding