Mecklenburg County commissioners approved a deal Tuesday night to allow the Charlotte Knights to move forward with plans for an uptown stadium on county-owned land.
The deal passed in a 7-2 vote. It stipulates that:
• by Aug. 31 the Triple-A baseball team must deposit $100,000 into an escrow account toward its obligation for county legal fees;
• by March the team must present two sponsors for the project or deposit another $100,000 into escrow;
• by June the team must present a full financing plan and not ask for any county money for stadium construction; and
• by October 2012 primary construction must begin.
Commissioners Neil Cooksey and Bill James cast the two opposing votes.
Cooksey said he was in favor of creating a 3rd Ward park on the land.
James, who has expressed doubts that the team can get financing, wanted the rest of the commissioners to amend the deal to require audited financial statements.
Scott Baughman can be reached at email@example.com.