Prince William County, VA

Woodbridge,

Ballpark Lease Advisory Services

Prince William County, Virginia engaged B&D in 2005 to provide advisory services related to a new ballpark lease between the County and Minor League Baseball’s Potomac Nationals. We identified key lease provisions that the county needed to consider while negotiating an agreement with the Nationals. Revenue distribution and strategies for maximizing the county’s position were addressed. We evaluated the existing lease and made recommendations related to strengthening and clarifying the language. In addition, we outlined additional revenue streams the county might consider, separated into contractual revenue, dependent revenue, and other event revenue, and financing plan revenue. We also reviewed various materials regarding a new Prince William County ballpark and made recommendations concerning financing options and leasing agreements. Implementation issues also were raised, such as the incorporation of luxury suites, club seats, and group areas.