Plans for High Point’s $35 million downtown baseball stadium are in full throttle, especially now since the city had a successful bond offering:
High Point Assistant City Manager Randy Hemann said the stadium project is now speeding along and the city has the money it needs to complete it.
“The bond sale went extremely well,” Hemann said. “It was oversubscribed. It’s phenomenal – we had $160 million in orders.”
…High Point Financial Services Director Jeff Moore said he was extremely pleased with the way the bond offering went last week. He said High Point hadn’t done an offering of this type. He said it could be thought of as much like a “mortgage” – only instead of being a mortgage on a house, it was on a $35 million baseball stadium.
May 20199 is the city’s deadline, and a tight one at that, and it’s been a wet winter so far. Also as Mayor Jay Wagner told The Rhino’s Scott Yost, there are “a lot of balls in the air” given given that it’s not just a stadium but a mixed-use development. Stay tuned.
