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Council approves amendment to stadium agreement: city to receive naming‑rights revenue and shed travel liability
Summary
City and team amended the ballpark facility agreement to reflect changes in Minor League Baseball structure and ownership; the city will receive $117,500 in naming‑rights revenue in year one (3% annual increase) and will no longer be contractually liable for up to $200,000 a year in visiting‑team travel costs.
The City Council approved an amendment to the Riverfront Stadium (formerly Lawrence‑Dumont) facility agreement that reworks naming‑rights revenue sharing and reflects changes in professional baseball structure and team ownership.
“Major League Baseball took over Minor League Baseball, eliminated Minor League, and also eliminated a number of affiliations around the country,” City Manager Bob Layton summarized,…
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