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Braves/Mandalay want $50K fine per day if stadium is late

WILMINGTON, NC (STARNEWS)– An initial lease proposed by the Atlanta Braves and operating partner Mandalay Baseball has some Wilmington City Council members laughing.

Elected leaders contacted by the StarNews initially scoffed when told a lease being proposed by Mandalay and the Braves for a baseball stadium includes completing the building by March 2014 and charging the city $50,000 a day if it’s not done by then.

"We’re certainly not going to pay fines, rent, any kind of punishment handed down by them," Councilman Neil Anderson said.

Some council members, though they had not yet seen the proposed lease, balked when told of some of its details. The proposed lease agreement for stadium construction was sent to city staff Tuesday night after council decided to put a bond referendum for a stadium on the November ballot.

To read the rest of this story check out the StarNews Online.

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