A brand new lease settlement ought to hold the Hudson Valley Renegades at Dutchess Stadium for no less than one other 25 years.
Dutchess County Government Marc Molinaro introduced Dutchess Stadium will likely be dwelling to the Hudson Valley Renegades, a Class A affiliate of the New York Yankees, for no less than one other 25 years underneath a brand new lease settlement between the Renegades and Dutchess County.
“Dutchess Stadium stays an financial engine for our county, using our neighbors, attracting hundreds of tourists from all through the area and including income which offsets taxes for County residents and companies,” County Government Molinaro mentioned. “The 2 proposals earlier than the Legislature will improve Dutchess County’s skill to learn from the stadium’s use.”
The settlement should be ratified by the Dutchess County Legislature and Main League Baseball.
On Thursday, at a gathering of the County Legislature’s Public Works & Capital Initiatives Committee, resolutions had been offered to authorize transformative enhancements to Dutchess Stadium, the practically 30-year-old County park, in addition to buy the land on which Dutchess Stadium lies.
“As a substitute of paying annual hire to a landlord, Dutchess County will personal the land on which the stadium resides, making the park an entirely owned County asset. The Hudson Valley Renegades’ new designation because the New York Yankees’ Excessive-A affiliate will deliver much more followers to Dutchess Stadium. The proposed renovations to the park, required by Main League Baseball for all of its Excessive-A associates, will make sure the Renegades stay at our County park for the following quarter-century,” Molinaro provides.
ARP funding will likely be utilized to make $12.5 million value of enhancements to Dutchess Stadium to deliver the ballpark as much as Main League Baseball’s (MLB) requirements for its affiliated groups and improve the expertise for followers. The Hudson Valley Renegades had been reclassified, previous to the 2021 season, by MLB as a Excessive-A affiliate, considerably growing the variety of dwelling video games they play at Dutchess Stadium every summer time. Legislative approval will authorize the County to assemble a brand new clubhouse for the Renegades; construct new pitching and batting areas; in addition to new seating space and enclosed occasion area, amongst different enhancements. The County will make the most of APR funding to put money into these enhancements, quite than bond for the funding, saving greater than $2.5 million in curiosity funds, officers say.
These enhancements are a part of the brand new 25-year lease settlement with the Renegades, guaranteeing the group will likely be taking part in at Dutchess Stadium by way of no less than 2046. The brand new settlement additionally gives for brand spanking new income for the County, together with base hire; occasion income together with parking; and stadium naming rights income. Mixed with expense financial savings that the County will notice as a part of the brand new settlement, there may be an annual internet profit to the County of roughly $600K yearly.
The total Legislature will vote on these two resolutions throughout its month-to-month board assembly on Monday, June 14.
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