Kernels stadium finance on the line as $5 million gap persists
Officials remain confident funding will materialize for a $14 million Kernels stadium with city bonds and a $5 million private share. The Cedar Rapids Baseball Club plans to raise about $235,000 in donations and $400,000 annual lease payments over 10 to 12 years to cover debts, while banks may join as lenders and sponsors.
MENTIONED IN THIS ARTICLE
Cedar Rapids Baseball Club Inc
Kernels
Hanson
Bill Quinby
Ballclub
Roeder
City Hall
Dale Todd
Todd
Ice arena lesson sparks talk of a new baseball park
Cedar Rapids officials revisit the ice arena project from 1999, detailing cost overruns and a $3 million bailout funded by a risk management loan and a retained earnings fund. Finance Commissioner Lyle Hanson warns against repeating the ice arena experience while Kernels general manager Jack Roeder credits the arena with boosting community interest in hockey and attendance.
MENTIONED IN THIS ARTICLE
Bluestem Solid Waste Agency
C Avenue
Hanson
Cedar Rapids Kernels
Jack Roeder
Revised Plans Scale Back Veterans Memorial Stadium Project
The plan for the Veterans Memorial Stadium is trimmed to a 14 million dollar budget. Changes include moving the park entrance, relocating a museum hall of fame and Kernels offices inside the stadium, reshaping the footprint, and building the park beyond the existing outfield to save costs. A 890000 design contract is included with a 1.3 million parking lot planned.
MENTIONED IN THIS ARTICLE
Veterans Memorial Stadium
Hall of Fame
Cedar Rapids Kernels
Cleveland Park
Also Mentioned on This Page
Kingston Stadium
Rapids
Gazette Map
IRS
Free
Jkharris.com
The
Wall Street Journal
JK Harris & Company
Cedar Rapids
the Gazette
the Old Creamery Theatre Co
Amana, IA
Iowa
Equity Theatre Company
Netins
Net
Nno
Serenity
Ncaa
Geen
Mattress Factory
Farmers State Bank
Farmers State Bank Today
Marion
Alburnett
Hiawatha
FDIC
Myfsbonline
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