Cumberland commissioners approve baseball stadium funding
Posted February 5, 2018 6:52 a.m. EST
Updated February 5, 2018 5:57 p.m. EST
Fayetteville, N.C. — The Cumberland County Board of Commissioners on Monday approved a plan to help cover part of the costs of a baseball stadium in downtown Fayetteville.
The commission's vote paves the way for the county to kick in some funding of the $33 million facility on Hay Street.
"We're so excited," said Donna Stephens, owner of Huske Hardware House. "I think the whole downtown is super excited over it."
While she should reap the benefit from crowds generated by the stadium, she'll also pay a little extra for it in taxes.
"We look forward to the business, but if someone can give us relief in taxes that would be great," she said.
The city and county have created a new special tax district to help pay for the stadium. Commissioners agreed to contribute 100 percent of revenue it gets from the special tax district for the first five years. Then, 75 percent of the taxes for another 15 years.
Commissioners say the new stadium is going to do more than just boost business for downtown merchants.
"Then we've got the Prince Charles Hotel coming along and then we've got another hotel and a parking deck. It's going to recharge and redefine that," said County Commissioner Glenn Adams.
When complete, the stadium will be home for a Houston Astros minor league affiliate in the Carolina League.
If Cumberland County moves forward on the plan, it would contribute money it receives from a special tax district that covers the stadium.