Posted on 03/27/2016 8:34:48 AM PDT by Olog-hai
Newark’s Field of Dreams has been sold.
The former home of the Newark Bears minor league baseball team — left to languish along Broad Street since the hard-luck franchise folded in 2013 — has been sold to a New York-based developer for $23.5 million.
The site at the corner of Broad Street and Orange Street has been sold to the Lotus Equity Group, city officials confirmed this week. Lotus plans to demolish Riverfront Stadium and build a mixed-use, high-rise tower in its place. […]
Once hailed as a beacon for a new era of development and prosperity in Newark, the return of minor league baseball to the state’s largest city proved to be a misstep almost immediately. …
(Excerpt) Read more at nj.com ...
Could it be the TRUMP Corp? That’s the kind of thing they are good at.
So many big time developers in NYC and NJ putting up buildings right now, and they aren't Trump.
Wonder how many taxpayer dollars were wasted on this
$30 million in 1999 dollars, which is just under $43 million in 2016 dollars.
Damn shame
Very few kids play baseball in NJ. They are mostly playing lacrosse in the Spring.
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