The Memphis Redbirds’ debt problems, which we reported here yesterday, apparently are hurting efforts to sell the minor-league baseball team. The Memphis Commercial Appeal reports:
Difficulty in making the annual $5.4 million in bond payments, which are broken into March 1, Sept.…
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Loading ...The Memphis Redbirds, the AAA farm club of baseball’s St. Louis Cardinals, are in default on their stadium bonds.
The team issued $50 million worth of bonds in 1998 to pay for the acquisition of the team and the construction of…
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Bill DeWitt III, president of the St. Louis Cardinals, was talking return on investment during a speech this morning at the Regional Chamber and Growth Association. The investors are the taxpayers of Missouri and St. Louis, and the investment is…
(1 votes, average: 4 out of 5) Loading ...In St. Louis, we’ve got a softball field instead of the condos, offices and restaurants that civic leaders envisioned next to Busch Stadium. In Washington, D.C., fans will have to settle for a beer tent on a key development site across…
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