San Antonio Missions sold to real-estate developer, new ballpark core part of the plan

Sanantonio2022The San Antonio Missions (Double-A; Texas League) is in the process of being sold to a local investment group led by real estate developer Graham Weston for $29 million, with a new downtown ballpark in the mix.

The sale and the sale price were disclosed by sources close to the transaction. The purchase is expected to close in late November.

The agreement makes sense on many levels. The Missions and team owner Elmore Sports Group has been discussing new ballparks since 2012 (!) with Graham Westonwhich first launched its financial brand Rackspace Technology web hosting, then switched to real estate development under the Weston Urban nickname. Bexar County Judge Nelson Wolff– yes, the man behind the original Nelson Wolff Stadium – confirmed the pair were working on a new ballpark plan this summer, either in downtown San Antonio or one of several nearby sites where the ballpark would be the center of new development. (Yes, this should sound familiar if you’ve been following the development of the ballpark recently; bear witness Richmond and Knoxville.) We previously reported that Weston Urban was involved in two downtown development efforts near the redeveloped San Pedro Creek or the former Lone Star Brewery site south of downtown. The firm has also reportedly acquired other land parcels in the city centre.

A new Missions ballpark isn’t a new topic in San Antonio either, as a slew of other potential ballparks have been mooted; A Hemisfair site, a site near the Alamodome, etc. These efforts come before MLB’s overhaul of MiLB, which saw the Missions demoted to Double-A ballpark, losing its Triple-A status. With the new MiLB facility standards implemented by MLB, it became pretty clear that Nelson Wolff Stadium would need millions upon millions in upgrades just to meet the standards without any expectation of sparking future economic activity.

A new ballpark could also push San Antonio back into a Triple-A market, as was the case in 2019 and the canceled 2020 season — something that’s also of interest to local officials, leading to a possible connection with a Texas -based MLB team.

RELATED STORIES: San Antonio looks at AAA ball, upgradeable ballpark; New San Antonio Ballpark in the Works; New San Antonio Missions Ballpark Back on Track?; MLS, not MiLB elected by San Antonio politicians; Fallout of San Antonio Triple-A Move: Watch for New PCL Affiliates in 2018; The future of the Texas League: Remarkably stable; After Helena Move, What Will Pioneer League Look Like?; Elmore Sports Group: Three franchise shifts in 2019; San Antonio Mayor: Ballpark Talks Are Not Dead; City suspends planning on San Antonio Triple-A bid; No Plans for San Antonio Study Release; Elmore Sports Group confirms potential Sky Sox move to San Antonio; Colorado Sky Sox Jumping to San Antonio? Can be

About Kevin Reichard

Kevin Reichard is founder and publisher of Ballpark Digest.

Related Posts