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by Jordan Green

Items from across the Triad and Beyond, compiled by Jordan Green

Constructionresumes on downtownballparkAfter 10 months ofinactivity, constructionon the baseballstadium in downtownWinston-Salemresumed on Sept. 22.Winston-Salem Dashowner and ballparkdeveloper Billy Primannounced he hassecured the necessaryfinancing tomove forward withconstruction on thestadium during theWinston-Salem CityCouncil meeting onSept. 21. “All partiesinvolved havesigned the requireddocuments and wehave placed investorfunding in escrowaccounts ready torelease tomorrow,”Prim said. “We hopedthat we would haveall financial arrangementscompletedlong before nowbut as we have saidbefore this is a verycomplex financingplan that includesmore than 50 individual agreements amongbanks, private investors and the city.” Prim said his goal is to openthe stadium on April 1, 2010. City Manager Lee Garrity said allof Prim’s financial agreements had been verified, and he thanked citystaff members for their hard work on finalizing a deal that will bringthe city’s total investment in the ballpark to nearly $28 million. Denise Bell, thecity’s chief financial officer, told the Citizens Baseball StadiumReview Committee last month that in the event Prim defaults on theloan, the city has the second lien holder position behind a bankingconsortium led by Bank of America. evin Terry, president of the Winston-SalemDash, said the Chicago White Sox single-A affiliate has already soldmore than 4,100 season ticket packages, 90 percent of the ballparksuites and 90 percent of its corporate sponsorships. — KTB

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