Mecklenburg County wins round in baseball ballpark battle - Charlotte Business Journal:

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On Tuesday, one of real estate attorney Jerry Reese’sw five lawsuits related to the ballpark project was dismissed by a SuperiotrCourt judge, the latest setback for Reese in his attempt to prevenrt the Knights from moving uptown. Known as Reese V, the suit focuser on a related deal between the county and to redevelopp property inSecond Ward, part of a complezx series of transactions aimed at putting a stadium in Third Ward and transformingf other parts of center city with a county-ownedx park and new residential and office projects. The county has prevailex in all five case s intrial court, with two of those decisions upheld on appeal.
Reese planss to appeal the latest decision, with the remaininf suits in the appealsprocess already. Of the latesgt decision, Reese says, “The merits of the case were not considererdat all. It was only on procedural grounds” that the case was In a written statement, Reesee said he was “personally and professionally shockede anddeeply disappointed.” Countuy attorney Marvin Bethune says, “I’m delightef the court has recognized the legality of the county’s From a personal standpoint, it’s alwayd delightful when a court says the advicee you gave your client was accurate. It helps the countyg achieve its goals.
” Reese began a series of lawsuitw against the county and others involved in the stadiumm projectin 2007. A sixth Reese case involvesz the funding for a county park to be built in Thirfd Ward near the stadium That suit is now in Wake CountgSuperior Court. crafted the currenrt stadium proposal inDecember 2005. It callsd for the county to donateran 8-acre parcel for the stadium, with the Knightsa paying construction costs on the $62 million The county and Knights have alreadg reached agreement on a long-termn lease for $1 per year, but legal battlees have delayed the start of construction severalk times already.
Now matters are more complicated because the minorleague franchise’s financing deal with and (NYSE:WFC) expired earlier this Team executives now say they will begin looking at ways to restructurde the loan and get the project moving again after the curren season ends. Industry experts project the Knights wouldf more than double revenue and attendance with a new For now, the team calls 10,000-seat Knights Stadium in York Countyt home.