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Monongalia County OKs baseball stadium TIF districts
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bitcruncher Offline
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Posts: 61,864
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I Root For: West Virginia
Location: Knoxville, TN
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Monongalia County OKs baseball stadium TIF districts
The biggest hurdle to the construction of WVU's new baseball stadium has finally been cleared...

Monongalia County OKs baseball stadium TIF districts
Quote:A proposed baseball stadium in Morgantown has cleared a key hurdle.

The Monongalia County Commission approved a tax-increment financing plan Wednesday night to help support construction of the three-story Mountaineer Ballpark and stadium.

The plan to create the sales and real estate TIF districts still requires approval from the Legislature, which convenes in February, and from the West Virginia Development Office.

The Dominion Post reported that the commission's vote was unanimous.

"We're not just endorsing a sports complex," said Commission President Bill Bartolo. "We're endorsing a sports complex, a new interchange and development on the west side of the interstate."

The developers plan about $5 million in preliminary road and intersection improvements near Granville and the University Town Centre. They say construction of the stadium itself would follow, at a cost of about $16.2 million. It could be done by February 2014.
12-14-2012 03:47 PM
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