Overhaul of Diamond is last plan standing
DEAN HOFFMEYER/TIMES-DISPATCH
With the Shockoe Center dead, a proposal to transform The Diamond and bring baseball back to Richmond is now the only game in town.
DIAMOND RENEWAL
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A plan for baseball in Shockoe Bottom has struck out again.
Developers of the proposed Shockoe Center project announced yesterday that they're walking away from the project, as well as a proposal for development along the Boulevard.
"We have carried these projects as far as our collaborative team can under the present circumstances," the group led by Highwoods Properties said in a statement.
The developers lamented that their efforts to revitalize Shockoe Bottom and the Boulevard with about $800 million of development were "overshadowed by debate over the ballpark."
The collapse of Shockoe Center leaves Opening Day Partners' $28 million plan to overhaul The Diamond as the only publicly released plan for a ballpark in Richmond.
On Shockoe Center's demise, the Highwoods developers added that the "good faith" but ultimately unsuccessful effort by a group of local investors to buy a baseball team had "fundamentally altered the way minor-league baseball will now return to Richmond. The city will need to negotiate directly with any new team owner on such issues as location, timing and financing of a new ballpark."
Minor League Baseball and the Eastern League are in the process of identifying a franchise to relocate to Richmond with current or new ownership. An Aug. 1 deadline to clarify those issues is in effect.
In a statement yesterday, Mayor Dwight C. Jones praised the Shockoe Center developers for their vision, and he underscored their conclusion that ballpark financing "is just not possible in today's revenue bond market."
"At this time, the situation affords us an avenue to fully re-engage our regional partners in the discussion of the direction we, as a region, wish to move in," Jones said. "We know there is excitement about Richmond as a baseball town and we have a commitment from the Eastern League that there will be a team on the ground in The Diamond next spring.
"What we must do now is to determine what our long-term solution will be and the best way to go about accomplishing that goal."
The $318 million Shockoe Center project was announced last October after then-Mayor L. Douglas Wilder selected Highwoods Properties as the master developer for city property in Shockoe Bottom and on the Boulevard following a request for proposals. Wilder had nixed another private proposal for baseball in Shockoe Bottom earlier in his term.
Jones took office in January and proceeded cautiously on Shockoe Center, initially persuading the developers to push back a deadline for preliminary city approval from March 1 to Aug. 1.
The idea of baseball in the Bottom had its supporters as well as its critics, many of whom argued that Richmond's plans for baseball should focus on refurbishing or replacing The Diamond, the longtime home of the Richmond Braves' home on the Boulevard.
In March, the Jones administration hired consultants to review the financial viability of Shockoe Center, specifically its plan to finance the $60 million ballpark without city backing using tax revenues generated by restaurants, residences and other new private development around it.
However, the consultants, led by Davenport & Co., concluded that the project would be "highly feasible" with city credit support and "highly unlikely" to be financed otherwise.
In yesterday's statement, the developers said the study "validated our fundamental premise" for ballpark financing and acknowledged that the plan "is not possible in today's revenue bond market." The developers emphasized that they had never intended to pursue financing in the current market.
"We are convinced, however, that the coming economic recovery would allow revenue bonds to be sold without the city's general obligation backing, possibly as early as next year," the statement said. "We have always maintained that the city's debt capacity should be used for public projects like schools, streets and a new jail, and not for a new ballpark."
Last month, Jones called on the Shockoe Center developers and other groups to resolve differences between their plans for Shockoe Bottom. Those projects also include high-speed rail, the city's slave trail and a bus-transfer center in the train shed at Main Street Station.
In their statement, the Shockoe Center developers said they had reached a preliminary agreement allowing their project and the bus transfer center to co-exist. They also noted that they had dropped Shockoe Center's $90 million third phase to accommodate the slave-trail project and related activities to commemorate the area's importance in black history.
"We believe heritage is compatible with baseball, high-speed rail and some level of bus transit," the Shockoe Center developers said. "However, all of these issues require further research, and important decisions must be made by all stakeholders before the private sector can be truly effective in the process."
Contact Will Jones at (804) 649-6911 or
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Reader Reactions
Just an opinion about why Richmond struggles so with renewal and vibrancy. The city and it’s leaders don’t seem to have any central sense of what the city is, it’s history, it’s possible identity in the modern 21st century. Things in Richmond are usually done in fragments that are unrelated one to another as a result. Changing, frequently different leaders, non dynamic leaders, changing population demographics since 1970 and Judge Merhidge, all play parts in “why” but the fact seems to be there is no central view of what Richmond is much less what it can be in my opinion. That is part of why any issue like baseball or any other is so difficult to deal with and why it frustrates so many,, wastes resources or is in the end often inconclusive and unfinished.
Lance
“We need to face that Richmond is not a Big Boy city. If you want entertainment, go to DC. If you want to relax, go to the beach. Both are less than 1.5 hrs. I think betting on baseball for urban renewal is a colossal mistake. I vote for the money to go to hig speed rail so we can get to VA Beach or DC in a reasonable amount of time and enjoy their real amenities”
What a completely typically Richmond statement. “Let’s find a way to get out of this city quicker to be able to enjoy.“ Why is this place this 16th best city to start over again?
The only good thing about The Diamond getting renovated is that we’ll have an opportunity in a few years to fix the problem again. Or we could put money toward enhancing our city and not letting someone slap us in the face with a lousy face lift - more like “permanent” makeup. Again - go to http://www.openingdaypartners.com and check out the quality of their facilities. We won’t be getting anything better than what they’ve already done, and most of their projects have the character of a Wal-Mart.
The worst thing about this idea is that it leaves both The Boulevard and The Bottom underdeveloped for the foreseeable future. Nobody will be able to develop anything around The Diamond and capatalize on the growth in Scott’s Addition and MovieLand.
I pray the Mayor sees the light on this and doesn’t simply choose this plan because it’s cheaper because then it WILL be another 6th Street Marketplace - a standalone project that doesn’t encourage additional development.
I truly believe the Mayor has a strong vision for Richmond’s future. I hope he can weed through the complacency to take Richmond to a greater place.
If you believe Richmond is not “a Big Boy city”, then for you, it isn’t. But I’ve been to bigger cities and they have the same lemons we do. They choose to make lemonade while we talk about what they heck we’re going to do with all these lemons. Maybe the purple martins can eat them - because God forbid we relocate the home of a species of bird that has been roosting here for all of 2 years.
That’s about all I can write at this point because I’m so unbelievably furious at the level of mediocrity that seems to be acceptable to our leaders and our citizens.
frojunk- the city had nothing to do with the failure of this plan. the developers didn’t have enough money to build it and the wannabe owner didn’t have enough money to buy a team. not sure why you’re blaming city hall when they went out of their way to make this thing happen.
Baseball will fail in the city of Richmond for 4 distinct reasons.
First, Richmond is over 50% Black. That is a fact. Baseball is not a popular sport among Blacks. it used to be, not anymore. Football and Basketball attract all the young black males playing and watching sports. You need to look no further the MLB, minor league, or college rosters. There is just not a baseball connection with the Black community any longer. So it will be very hard to persuade a majority Black city to back minor league baseball.
Second, another larger segment of the Richmond population is empty nesters or yuppies. These groups don’t have kids, so there goes the “family of four” argument. People from these two groups might take in a game or two per year, but that is about it.
Third, we are depending on largely a suburban population that has to drive back to the city in which there has been a stereotype of criminality and mayhem after dark. I know that isn’t true, but there are many suburbanites that wouldn’t be caught dead in Richmond after happy hour (unless they in fact were literally…dead). Perception is reality, right or wrong.
Lastly, Baseball is no longer Americas pastime. Football is king! Basbeall is dying in TV ratings every year. Don’t try to tell me ticket sales are up as an argument, because most of those tickets are corporate and gimme’s. Only the Red Sox, Yanks, and maybe 5-7 other teams are relevant. Baseball is regional, and it’s enthusiasm doesn’t trickle down to the minor league level. I agree there was some enthusiasm when the Braves were hot. But that has long waned.
We need to face that Richmond is not a Big Boy city. If you want entertainment, go to DC. If you want to relax, go to the beach. Both are less than 1.5 hrs. I think betting on baseball for urban renewal is a colossal mistake. I vote for the money to go to hig speed rail so we can get to VA Beach or DC in a reasonable amount of time and enjoy their real amenities
Well, Richmond is officially DEAD. Oh wait, a slave trail will save the city! Are there any competent people (anywhere) involved in planning or running this city? What a pathetic joke.
Dave and theobserver - you both hit the nail on the head.
Wasting money by making surface improvements to the crumbling Diamond is a terrible idea. In order to earn a higher return on investment, you need to consider all the factors, and take on calculated risk. The Boulevard is a subpar area, and the Diamond renovations are a temporary fix. Kiss that $28 million goodbye, and open up your wallets when the foundation starts going beneath that shiny facade.
Couple of thoughts:
Interesting the Richmond haters comments on both sides. You would think their dislike of the area would provide incentive to move elsewhere? Or maybe they just live in the counties? I am disgusted with some of the City’s actions, but since I don’t live there my displeasure is limited. I just vote with my dollars by not going into the city.
On the Bottom stadium: From what I read the idea was to get new, younger fans from the downtown area, workers and new Bottoms condo residents, etc. Those who would go to game and then out to eat & drink downtown. My question is would this assume the families in the suburbs would also continue as fans? Or would you trade old fans for new fans? I know there was much discussion of the loss of family & youth attendance at the hockey games due to the unruly and drinking young adult fans there. Also the traffic issues may be a larger issue with the older fans.
1. I’m not quite sure why the current city administration is taking such a hit on the failed Shockoe Center project. The developers proposed it as a private project and it didn’t work out. What was the city supposed to do, round up investors for the developer? Maybe they should have forced a bank to loan the developers money?
Did the Wilder administration deserve most of the blame for the loss of the R-Braves? Absolutely. But I fail to see how the current administration deserves the blame for this. In the current economic environment, the city is wise to be cautious about pledging taxpayer money or city resources for any speculative project.
2. The mayor’s remark about wanting to “re-engage our regional partners” will likely fall on deaf ears. Localities have just gone through a very painful budget process and next year’s budget will probably be even worse. I seriously doubt that the counties are going to pledge any new money for a ball park in the city.
3. If the RMA is involved in a new or renovated ballpark, I doubt that Chesterfield will EVER put up any new money, regardless of the economy, at least I certainly hope not. The RMA was a horrible landlord for the R-Braves and, in its current structure, is a hindrance to regional cooperation in general.
4. If you post loooooong comments without any paragraph breaks, most people aren’t going to bother reading them.
this really isn’t rocket science, but with the people running this town, you’d think it was. how can you expect something to succeed when you don’t fix up the surrounding areas? common freakin sense.
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