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Council approves LOI for Midtown baseball and softball complex; developer to deliver pro forma and market study
Summary
The council unanimously approved a letter of intent with Station Baseball LLC for a multi‑field baseball/softball complex and hospitality amenities in Midtown. The LOI outlines a 50‑year lease for the playing complex (63 acres) and sale of a 30‑acre hospitality parcel, up to $20 million in city reimbursement for public improvements and a 10‑year property tax abatement for the complex parcel; developer will provide business plan and third‑party market study.
The City Council voted unanimously on Feb. 26 to approve a letter of intent (LOI) with Station Baseball LLC to advance negotiations for a baseball and softball complex in the Midtown Business Park.
Under the LOI described by staff, the project would occupy roughly 90 acres on the eastern side of Midtown. The developer proposes a long‑term lease for approximately 63 acres for the baseball and softball complex and the sale of about 30 acres for hospitality and amenity uses. The LOI proposes the hospitality parcel be sold at a negotiated price (the LOI indicates $20,000 per acre for negotiation purposes) and contemplates city support for…
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