Doesn't Purrl have to pay a certain amount annually to make up the shortfall? Like 950K or something...Just to clear up some misinformation about this situation and TM Park in particular, please note:
TM Park is privately owned. The stadium is not owned by any public entity. The debt on the stadium is government backed, but the ownership of the stadium is private. The majority of the government backed debt will be satisfied in 2024. Everyone forgets that the stadium is 20 years old. Time flies.
There are 89 minor league stadia in the United States. 88 of 89 are owned by governmental entities. TM Park is the only minor league stadium in the country that is privately owned.
The new owner of the AA braves franchise is Endeavor, formerly known as IMG, formerly known as William Morris Agency. Look up Endeavor's financials. Multi-billion dollar behemoth. They now own or control more than half of minor league franchises in the country and they are adding more every day. They are in the entertainment business. They are looking for cheap venues that they do not own, do not maintain, do not upkeep, do not improve, do not retrofit, do not conform to major league standards or requirements, do not conform to federal accessibility laws, do not retrofit to provide gender neutral facilities, do not conform to account for female umpires/players, do not pay taxes on, do not debt service, do not pave the parking lot .... getting the picture?
Endeavor is capable of playing major league hardball while the privately owned venue in Pearl is struggling to play double A ball. Not a fair fight. Endeavor is spoiled because they have lease arrangements with governments in every other city where their teams play and those lease arrangements are exactly what one should expect from a publicly owned stadium. Endeavor will win either by cramming a really bad lease renewal down the private owner's throat or moving the team. The problem in Pearl is that the stadium is privately owned and the ROI is not there at the lease numbers that Endeavor demands.
The solution is a hard one. TM Park needs to be publicly owned in order to be competitive and attract a quality product. Private stadium ownership simply does not work long term and will never work for more than just a few years.
Guess there's no way they will continue to do that.