MLB: No deal for new stadium in 2019
The MLB and the National Basketball Association announced today that they will not enter into any new deals to build new stadiums for 2019.
Both organizations announced that they are “taking this step to avoid unnecessary expense and uncertainty for our players, our fans and our communities.”
The two leagues have been in talks for a new stadium since 2020.
That has left the league’s fans and players with the biggest question in sports: What will happen to the parks that the league and its teams have used in recent years?
The league is still negotiating with the city of Milwaukee to determine whether to move its new home from Wells Fargo Field to the proposed new facility in downtown Milwaukee.
The city is seeking to get a $1 billion loan from the city to build the new stadium, and has been pressing for an additional $1.1 billion for the cost of the stadium.
The MLB and NBAs joint statement also says that the MLBPA is committed to a process of collaboration with the City of Milwaukee, which is planning to build a new ballpark for the Major League Baseball team in downtown.
“We continue to work with the MLB, the NBA and the NFL to resolve this issue, which will not impede our efforts to play our games in the beautiful city of Madison,” the statement says.
The statement also makes clear that the parties are still in discussion about a stadium-related payment for the players.
“The players continue to explore options that will provide the best possible return for their contributions to the league, including any possible potential stadium-funding agreements,” the MLB and MLBPA statement says, referring to the collective bargaining agreement.