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County OKs committee to negotiate licensing deal for Richard M. Borchard ballpark pending funding verification
Summary
After a presentation from Yobe Park representatives, Nueces County commissioners voted to appoint a small negotiating committee to explore a licensing agreement to repurpose the Richard M. Borchard Regional Fairgrounds ballpark, contingent on verified investor funding (letter of credit, bank statement or escrow).
Nueces County commissioners voted June 21 to appoint a small negotiating committee to pursue a licensing agreement with Yobe Park, a Houston-based entertainment firm that has proposed converting the Richard M. Borchard Regional Fairgrounds ballpark into a baseball-focused entertainment complex.
Leon McLaughlin, identified himself as president of Yobe Park, told the court his company would prefer renovating the existing stadium rather than building a new facility and said his group was prepared to invest “about $7,000,000” to renovate and adapt the site for family entertainment and…
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