From
Anna Doll
Title
QT Ballpark Rent Abatement
Presenter
Anna Doll, Deputy City Manager
Recommended Action
Approve
Analysis
Grand Prairie Baseball Club, LLC have been the operators of QT Ballpark since April 2011. Their annual rent is $100,000.
In May of this year, the City Council abated six months of rental payments from April to September 2014 and they have now requested an additional $50,000 abatement for six months.
In order to financially assist the baseball owners, we are recommending abating their rent for an additional six months, from October 2014 to March 2015.
Financial Consideration
The rental abatement will result in a $50,000 reduction in revenues to the City's General Fund.