
Jim Bouton outlines
plans for renovating historic Wachonh Park at a Parks
Commission meeting last night at Springside House. The
commission unanimously endorsed a licensing agreement
between the city and Bouton's partnership. |
PITTSFIELD -- The city's Parks Commission
last night endorsed a license agreement be-tween the city
and a South County partnership that plans to bring an independent
league baseball team to Wahconah Park and invest $1.5 million
in renovating the park.
Applause followed the five-member commission's
unanimous vote, which was taken after city officials and
the principals of Wahconah Park Inc. presented details of
the eight-page agreement to the panel and an audience of
about 40 people gathered at Springside House on North Street.
The pact was characterized as the cornerstone
of an effort to transform the park into a national tourist
attraction that will be home to a baseball team that Pittsfield
can call its own.
'Pittsfield's forever'
"We're creating a team that will be Pittsfield's forever,"
said Donald B. "Chip" Elitzer of Great Barrington,
an investment banker who is secretary-treasurer of a partnership
that includes former New York Yankees pitcher Jim Bouton
of North Egremont and Eric Margenau of New York City and
Stockbridge, a minor league sports entrepreneur. Bouton
is the group's president.
| The plan is to transform
the park into a national tourist attraction that will
be home to a baseball team that Pittsfield can call
its own. |
Elitzer said the partnership foresees no
difficulty in purchasing an unaffiliated minor league baseball
team to take the field at Wahconah Park for the 2005 season.
He declared that the partners aim to structure the franchise
agreement such that Wahconah Park will be the team's permanent
home.
During the intervening year, said Bouton,
extensive renovations of the park will be undertaken. Highlights
of the plans include an increase in seating capacity to
5,000, construction of a covered "hall of fame walkway,"
expansion and renovation of restroom facilities, a 20-fold
increase in the space available for concessions, and the
allocation of more space for picnicking.
"This is going to be one of the largest
eating establishments in Pittsfield," said Elitzer.

Pittsfield Mayor James
Ruberto, left, laughs with David 'Chip' Elitzer, center
and Jim Bouton at Springside House before the Parks
commission meeting started last night. |
Summer groundbreaking
Elitzer said the partnership aims to break ground early
this summer. Replying to questions from members of the Parks
Commission, Elitzer and Bouton said the work will not interfere
with use of the park for football next fall.
The license agreement takes effect upon
signing and expires Oct. 31, 2005. It may be renewed annually
if the partnership fulfills four conditions: provides a
professional baseball team that plays its home games at
Wahconah Park; complies with an ex-pense formula detailed
in the agreement; performs all maintenance and repairs,
and allows the park to be used for "other family and
community activities on dates and at times when no event
has been scheduled by the club."
Under the agreement, Wahconah Park Inc.
will invest $1.5 million in capital improvements and facility
expenses in the park prior to opening day 2005.
"However, after $1 million is expended
on the park and to the extent that $1.5 million has not
been fully expended prior to opening day 2005, the club
may satisfy this requirement by placing the unexpended balance
in escrow for the payment of future capital improvements
and facility expenses," the document reads. "In
the event that the club does not meet this commitment, then
this license agreement shall be considered null and void.
The club shall provide the city with a financial statement
by June 15, 2005, substantiating that the club has paid
for capital improvements and facility expenses equal to
or exceeding $1.5 million, as well as the dedicated escrow
information, if required."
Arrangement on proceeds
Another provision of the agreement directs to Wahconah Park
Inc. all revenues from ticket sales, advertising, broadcast
rights and concessions. Only the proceeds from tickets sold
for events organized and run by the partnership will go
to the partnership, the license states.
Beginning May 15, 2005, the city grants
to Wahconah Park Inc. an exclusive license to use the concession
facilities at the park for 12 months per year during the
term of the license but ending when the license expires.
"The club shall provide a concession
manager, to be paid from concession proceeds, and concession
equipment for all activities in the park during the concession
term for the benefit of the city and the various organizations
conducting activities in the park," the document reads.
" The club is not entitled to any concession revenue
from high school sports or other youth athletic events."
The partners do not intend to take any management
fees or salaries from the operation until at least 2006,
Elitzer told the commission last night.
Wahconah Park Inc. aims to raise some $3
million from investors, he said. The federal regulations
that govern the type of public "offering" that
the partnership intends to make limit the total amount raised
to $5 million from 500 or fewer investors, said Elitzer.
Investors from Pittsfield will be sought
initially, he said. If enough money still has not been raised,
"then we expand to Berkshire County and then to Massa-chusetts."
It is unlikely that the search for investors will extend
"to places like New York City," he joked.
Earlier in the meeting, as he urged the
commission to endorse the license agreement, Mayor James
M. Ruberto characterized the negotiations that produced
it as having been "candid and straightforward."
It was Ruberto's "vision and enthusiasm
that got us fired up," Bouton said last night. He also
praised the efforts of City Solicitor Christopher Speranzo
and Pittsfield resident David Potts in bringing the parties
together and in drafting the agreement.
Parks Commission Chairman Michael Filpi
noted that the partnership's proposed investment brings
to more than $2 million the amount invested in the city's
parks, "something that probably isn't going to happen
again."
This spring, renovations and repairs are
scheduled to begin on other city parks. The work will be
funded by a $1 million donation made by Pittsfield native
Lawrence A. Bossidy.