Drillers Ink Deal to Move Downtown

[TulsaSooner]

(In case a new thread is desired)


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At a Saturday morning news conference Tulsa Mayor Kathy Taylor announced an agreement between the Tulsa Drillers and the City of Tulsa.

The Drillers have agreed to move their stadium to downtown Tulsa.  This decision comes after 8 months of negotiations and according to both sides of the deal, will be mutually beneficial.

NewsChannel 8 will continue to follow this developing story and release new information as it becomes available.

http://www.ktul.com/news/stories/0808/546996.html

[RecycleMichael]

The agreement with the Drillers contains many provisions customarily found in comparable agreements, such as safeguards for the City that include but are not limited to:

·        Thirty year lease term unless BID retired earlier.  Twenty year minimum term.

·        City of Tulsa will have use of the ballpark for over 20 days for other events (Concerts, festivals, events, shows, etc.) during baseball season and unlimited use in the off-season for activities and events.

·        Lease economic terms consistent with those outlined previously and comparable with other transactions in the Texas League and other municipalities.

·        Annual capital contributions from both the Drillers and the Trust to support long-term maintenance of the ballpark.

·        An obligation that the Drillers play all seasons required under the lease and a right of first offer in the event of a sale of the team.

·        Revenue sharing with the Trust for non-baseball events and participation in the growth in baseball attendance.

[PonderInc]

Awesome!  Play ball!  My attendance at Drillers games will definitely increase when they're downtown.

I just hope that Brady and Blue Dome can stay funky, local, and artsy, despite all the new development that will occur around them.

[TheArtist]

I told Michael I would go to my first baseball game.... if its downtown at the new stadium lol.

[MDepr2007]

Pen & Paper have not met each other yet

[swake]

Very good news

[Renaissance]

You all know I am very pro-ballpark.

But I want to point out what this is: it's a power play by the Mayor to put pressure on the Council to approve her trust agreement as written.  This agreement has been reached "in principle," but the only thing missing is an entity to contract with!  The Council will be told that once they approve the Trust, it will be able to contract with the Drillers to form a lease.  Now that this agreement has been reached in principle, why not demand a prudent, accountable, well-formed trust instrument?  I hope the Council does not get swept up in KT's manufactured momentum, and demands a better plan for control and oversight of the ballpark.

[sgrizzle]

quote:Originally posted by Floyd

You all know I am very pro-ballpark.

But I want to point out what this is: it's a power play by the Mayor to put pressure on the Council to approve her trust agreement as written.  This agreement has been reached "in principle," but the only thing missing is an entity to contract with!  The Council will be told that once they approve the Trust, it will be able to contract with the Drillers to form a lease.  Now that this agreement has been reached in principle, why not demand a prudent, accountable, well-formed trust instrument?  I hope the Council does not get swept up in KT's manufactured momentum, and demands a better plan for control and oversight of the ballpark.

Lobeck did remove himself from the trust so I wouldn't say it's a unchangeable list of people.

[TulsaSooner]

The KOTV article has lots of outstanding posts in response to their article.  We certainly have our fair share of morons.  []

[Wrinkle]

quote:Originally posted by Floyd

You all know I am very pro-ballpark.

But I want to point out what this is: it's a power play by the Mayor to put pressure on the Council to approve her trust agreement as written.  This agreement has been reached "in principle," but the only thing missing is an entity to contract with!  The Council will be told that once they approve the Trust, it will be able to contract with the Drillers to form a lease.  Now that this agreement has been reached in principle, why not demand a prudent, accountable, well-formed trust instrument?  I hope the Council does not get swept up in KT's manufactured momentum, and demands a better plan for control and oversight of the ballpark.

Couldn't have said it better.

'manufactured momemtum'....precisely

I seriously doubt this can be resolved by Thursday. Too much work involved.

[Wrinkle]

One question I've yet to see answered is just how much of the IDL tax will be paid by citizens of Tulsa and Tulsa County due to the amount of land and buildings owned by the City and County?

That should be a fairly easy number to determine. So, how much is it?

[carltonplace]

The economic/civic/quality of life benefit of the ballpark should easily outweigh the total tax burden of local/county/federal properties in downtown as distributed among the populace.

[MDepr2007]

quote:Originally posted by carltonplace

The economic/civic/quality of life benefit of the ballpark should easily outweigh the total tax burden of local/county/federal properties in downtown as distributed among the populace.

! nominated for dumbest post of the year []

[rwarn17588]

quote:Originally posted by MDepr2007

quote:Originally posted by carltonplace

The economic/civic/quality of life benefit of the ballpark should easily outweigh the total tax burden of local/county/federal properties in downtown as distributed among the populace.

! nominated for dumbest post of the year []

Please explain why.

[MDepr2007]

quote:Originally posted by rwarn17588

quote:Originally posted by MDepr2007

quote:Originally posted by carltonplace

The economic/civic/quality of life benefit of the ballpark should easily outweigh the total tax burden of local/county/federal properties in downtown as distributed among the populace.

! nominated for dumbest post of the year []

Please explain why.

Why:

quote:adverb 1. for what? for what reason, cause, or purpose?: Why did you behave so badly?  

–conjunction 2. for what cause or reason: I don't know why he is leaving.  
3. for which; on account of which (usually after reason to introduce a relative clause): the reason why he refused to go.  
4. the reason for which: That is why he returned.
 
–noun 5. a question concerning the cause or reason for which something is done, achieved, etc.: a child's unending hows and whys.  
6. the cause or reason: the whys and wherefores of a troublesome situation.  

–interjection 7. (used as an expression of surprise, hesitation, etc., or sometimes a mere expletive): Why, it's all gone!