On March 4, Columbia City Council members are scheduled to vote on an agreement between the city and Hardball Capital related to ballpark, reports Wistv.
There are mixed reviews to the proposal. Some people think it’s a home run, while others are calling foul.Most of the discussion centers around how to pay for the stadium. The Bull Street project, including the baseball stadium, is projected to cost more than $90 million over five years.
The City of Columbia has laid out some funding options, including $9.4 million in cash, $24-million in a Hospitality Bond, and $57-million in an Installment Purchase Revenue Bond.
Mayor Steven Benjamin has said he wants a Minor League Baseball team playing in Columbia for the 2015 season. To make that happen, construction needs to start by May.
