Gee, anybody see this coming?
The city is being asked to contribute another $15.7 million in loans, grants and financing to finish the downtown baseball stadium.
City officials will release details of the deal today, and the Winston-Salem City Council could vote on it as early as Monday night.
…Billy Prim, the owner of the single-A Winston-Salem Dash, said yesterday that the collapse of his business partnership with team co-owner Andrew “Flip” Filipowski and the global credit crisis have made it impossible for him to borrow enough money from private sources to finish the stadium.
Prim has been talking with city officials — including Mayor Allen Joines and City Manager Lee Garrity — as well as with private investors and banks.
The consensus, Prim, Joines and Garrity said, is that either the city contributes more money or the stadium does not get built.
Guess what else — the city plans to give Prim another $2 million and pay itself back with a federal grant —- if the grant comes through, that is.
Another question — is anyone —-anyone —- going to challenge Allen Joines in the upcoming mayor’s race?
