Charlotte’s Winning Approachto City Building

History of Baseball

Crockett Park

• Knights initiate site selection process in early 2000s and identify Center City as preferred location

• 2010 Center City Vision Plan recommends ballpark in Center City

• Charlotte Center City Partners initiates site selection process

Planning for the Future

Site selection process

• 8 sites evaluated

• Criteria:

– Regional accessibility

– Maximize funding by Knights

– Viability of team

• 3 sites identified in April 2005

Ballpark Site Selection

The Park

• Optimize location of Romare Bearden Park with frontage on South Tryon Street

Baseball

• Bring baseball back to Center City Charlotte

2nd Ward Neighborhood Plan

• Jump start Plan from 2002

Land Swap Objectives

Land Swap

MecklenburgCounty

MassMutual Marshall Park

Wells Fargo

CMS

Land Swap

ProposedKnightsStadium

RomareBearden

Park2nd Ward

Vision Plan

• Finding appropriate site and acquiring land (addressed by Land Swap)

• Lawsuits from vocal minority

• Recession in 2008

Challenges

Existing Conditions

• Cultivate unique neighborhood

• New residential and shops

• Add sports facilities to elevate Charlotte as a destination

• New restaurants & bars

2020 Vision Plan More than a ballpark

• Office, residential and retail development

• New jobs

• New property tax revenue & hospitality sales tax revenue

Value of Ballpark Oriented Development

Columbus, OH

Charlotte’s Ballpark Oriented Development

Charlotte’s Ballpark Oriented Development

Charlotte’s Ballpark Oriented Development

Charlotte’s Ballpark Oriented Development

Charlotte’s Ballpark Oriented Development

Charlotte’s Ballpark Oriented Development

Impacts of Baseball

• Total estimated 2014 adjusted directed revenue generated by team nearly $11MM

• Total estimated 2014 economic impact of Uptown baseball stadium is $38MM

• Total estimated 2014 economic impact of non-baseball activities is $28MM

• Total on-going impact of $66MM and 749 jobs

Returns to City

• Entertainment facility available for the general public and families at a very affordable price

• Venue that convention goers and leisure tourists will help pay for

• Facility that will host monthly community events, festivals and special sporting events that are financially profitable to the community

Returns to City

• More jobs (and in NC as opposed to SC)

• A fair and equitable public/private partnership for all parties

• Risk protection for the taxpayers