Old Negro Leagues Ballpark in Paterson, NJ Obtains Funding: CEG
The $ 94 million funding for the redevelopment of Hinchliffe Stadium, a former Negro Leagues baseball stadium in Paterson, New Jersey, has been finalized by BAW Development, paving the way for work to continue. (BAW rendering)
Funding has been finalized to redevelop Hinchliffe Stadium, a former Negro Leagues baseball park in Paterson, NJ, paving the way for work to continue the $ 94 million project.
One of the last four Black League baseball stadiums still standing, Hinchliffe Stadium opened in 1932 and was home to the New York Black Yankees and New York Cubans on several occasions in the 1930s and 1940s. A series of events took place in the park, including car races, boxing concerts and performances featuring former comedy team Abbott and Costello. After the war years, it served as a sports site for three different high schools in the Paterson area.
But it fell into disrepair and neglect during the 1990s, so much so that it was in danger of being demolished by the end of the decade.
That did not happen, due to concerned citizens of Paterson, and in 2013, Hinchcliffe Stadium was designated a National Historic Landmark.
Now, however, New Jersey-based BAW Development plans to completely renovate and modernize the historic stadium, which will bring the facility ADA-compliant and improve the pitch, washrooms, lighting, board, etc. edge and seats. In addition, the redevelopment will also include a 315-space parking garage and housing for the elderly.
In addition to the 7,800-seat sports facility, other elements of the project include the basic development of:
- A land of 12,000 square feet. restaurant and event space that will pay homage to professional and secondary sporting achievements at Hinchliffe Stadium, as well as related racial issues.
- Six-storey building LEED Platinum certified by the US Green Building Council and comprising 75 studios, one and two bedrooms.
- A 5,200 square feet. preschool.
When construction of the Hinchcliffe Stadium is complete, it will become the home ground for the nearby John F. Kennedy High School for several sports and will also serve as a venue for concerts, festivals, sports camps and other events for the Paterson community. semi-professional and professional athletes.
The restoration of the WPA-funded Art Deco installation is at the heart of the Hinchliffe Stadium district restoration project, which includes additional facilities nearby.
According to Ballpark Digest, efforts to restore Hinchliffe Stadium have been going on for years; At one point, the Ripken organization initiated a renovation plan, but in the end, the online news source said that the persistence and efforts of residents of the Paterson area contributed to the success of the project .
All project funding was managed by BAW’s redevelopment partner, RPM Development Group. The funding is a combination of private loans, tax credits and other vehicles, including a $ 60 million construction loan from Goldman Sachs and a $ 10 million new business tax credit and historic federal tax credit from US Bancorp Community Development Corp.
Another $ 21 million was provided through a New Market Tax Credit Allocation from four Community Development Entities (CDEs): Community Loan Fund of New Jersey, Consortium America, RBC Community Development and USBCDE. The Passaic County Improvement Authority has also issued a bond in support of the project.
As a result, renovations to the baseball stadium began in April.
“When it comes to a project of this nature, there is no doubt that it takes a strong team to put all the pieces in place, and we are extremely grateful to the diverse group of funding partners who have come together. brought together to finance the reimagining of this historic project. site, ”said Baye Adofo-Wilson, founder of BAW Development.
“Given the challenges of the past year, moving this long-awaited infrastructure project forward has required a very complex and creative funding structure on all parties. Stadium, but the wider impact it will have on the entire town of Paterson. “
Ballpark Digest noted that three other stadiums that housed Negro Leagues baseball throughout the season: JP Small Park (home of the Jacksonville Red Caps in Florida), Hamtramck Stadium (built for the Detroit Stars, currently under its own project to catering) and Rickwood Field (home of the Black Barons of Birmingham). Another old stadium, League Park (former home of the Cleveland Buckeyes), still partially stands.