fbpx

Baseball contracts awarded as more funds are raised

A new $3 million injection kept York’s baseball stadium alive today as project managers awarded five prime construction contracts.

A new $3 million injection kept York’s baseball stadium alive today as project managers awarded five prime construction contracts.

Bids on the stadium came in above projections, raising the total budget by $3 million, to $32.5 million, officials said today.

The added cost is being split three ways.

Private donors who already committed $8 million to the stadium agreed to raise their contribution by up to $1 million. York Professional Baseball Club, the company that would operate the stadium, agreed to kick in another million.

The final $1 million would be paid by the York County Industrial Development Authority, the agency that would own the stadium.

That money would come from a YCIDA investment portfolio. The proceeds from that portfolio pay for operations of the York County Economic Development Corp.

The portfolio would shrink by about a quarter, to roughly $3 million, officials said. That would reduce the investment returns and lead to budget cuts for YCEDC, officials said.

Among the winning bidders, Lobar Inc. of York County was awarded the general trades contract. Worden & Shewell, also of York County, was awarded a heating, ventilation and air-conditioning contract.

Business Events

Reader Rankings Awards

Monday, August 03, 2020
Reader Rankings Awards

Healthcare Symposium

Friday, August 14, 2020
Healthcare Symposium

2020 Top 50 Fastest Growing Companies

Wednesday, September 09, 2020
2020 Top 50 Fastest Growing Companies

Forty Under 40

Monday, September 28, 2020
Forty Under 40