AIRPARK Buzz
that phase, according to the baseball facilities agreement. Beyond capital costs, the new agreement also laid out changes to how cleaning, utilities, maintenance and operations at the stadium will be paid for. The Giants and Charros will make payments under the old facilities use agreement, approved in 2005, until 2021. Starting in 2022, the Giants will pay the city $345,000 annually to cover operations and maintenance costs. That payment amount will be adjusted annually based on the consumer price index but is prohibited from increasing or decreasing my more than 3% in a given year. The Charros will pay the city $65,000 annually for maintenance and operations, subject to the same CPI adjustments and restrictions. The Giants will also make a lump sum $2.5 million payment to the city in April 2021 to satisfy obligations to make annual $125,000 payments from 2021 to 2044 for lifecycle costs. In an exchange for the upfront payment, the city gave the Giants an annual credit of $167,000 against its other obligations to the city. Beginning in 2022, the Giants will also pay the Charros an annual fee of $275,000. Under the agreement, the Charros are required to use all net revenues from the agreement in ways that will benefit the city and/or residents, including through charitable and educational donations and through promotion or sponsorship of Scottsdale-based events. A significant change is being made to how the team will pay for cleaning and utilities. Under the old agreement, cleaning and utility payments paid by the team were capped at $400,000 for Scottsdale Stadium and the Giants practice facility at Indian School Park. The new agreement requires the team to pay the city the full cost of cleaning and utilities at Scottsdale Stadium for the time in which the Giants are using the facility. City officials estimated that first cleaning and utility payment under the new agreement will be around $740,000, Murphy says. The Giants scheduled to move practice operations from Scottsdale’s Indian School Park to Phoenix’s Papago facility by March 2021. Scottsdale leased the Papago facility from Phoenix and then subleased the facility to the Giants. The Giants will be responsible for all utility, maintenance and cleaning costs at Papago, according to the team’s sublease with the city.
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JULY 2019 / SCOTTSDALE AIRPARK NEWS /
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