UG of Wyandotte County to purchase T-Bones ballpark for $8M in bonds
41 Action News Staff
3:52 PM, Nov 18, 2013
6:02 PM, Nov 18, 2013
The Unified Government of Wyandotte County/Kansas City will use $8 million in Village West Sales Tax revenue Bonds (STAR) to purchase and renovate CommunityAmerica Ballpark from Ehlert Development, according to a news release.
As a condition of purchase of the ballpark, the T-Bones organization will sign a long-term lease agreement to continue playing in the stadium. The $8 million in bonds to purchase the stadium will be covered with approximately five months of revenue from the Village West STAR bonds, according to the release.
The release cites the financial stability of the T-Bones ballclub, but stated that continued private ownership of the ballpark was not financially viable.