New Stadium Agreement Good for CMPA By Jamie Page

11/20/2011 3:56 PM ET
PENSACOLA, Fla. - A newly crafted agreement between Pensacola's new baseball team and Community Maritime Park Associates is being hailed as ensuring that practice can begin March 1 and taxpayers will not have to subsidize park operations.



Fast foward to 2013


Park is $millions in the “red”!
C. C. Elebash says,

The maritime park is not just $270,000 “in the red”.  The recently reported $270,000 is only for the Community Maritime Park Associates (CMPA). The City of Pensacola is also losing money on the project.

The City pays $2.5 million annually to retire park bonds. In addition, the City pays hundreds of thousands of dollars for park utilities, maintenance and public safety. City Hall is curtailing city-wide “housekeeping” in order to operate and maintain the maritime park. (The City also provides $1.3 million per year to the Utility Authority for sewer plant relocation.)

The baseball team is a big success, and the Wahoos are very profitable. However, the maritime park is millions of dollars “in the red”. Revenue prospects are bleak. Success depends on private development that would provide lease income and tax revenue.  The City of Pensacola may have to subsidize the maritime park indefinitely.

The City pays $2.5 million annually to retire park bonds.



Not exactly the truth......in a few years that may be true.....but heck if a person is going to post untruths.....whats it matter.

It is OK. This years "Soul Bowl" again proved the concept of the "Multi" Use stadium. All our problems are over. The CMPA is a great deal for us all. Touch the Trucks will make it a slam dunk. Now that a RFP from SMG for management services is in the works, things will really pick up. After all SMG does such a great job booking the civic center.