• Unfortunately, the parties have
not been able to reach an agreement on the key terms
and conditions for
the project
• Current economic and credit
market conditions have limited the funding resources
available for the development
of the complex
• The limited funding resources,
combined with the limited sources available for operations
and maintenance
of the complex, have led the parties to agree to
end the negotiations
• The City and County
will continue to explore, in a fiscally responsible
manner, any and all
options in
connection with the future of Payne Park and the
Ed Smith Stadium Complex.
