High Point OKs “Plan B” For Stadium Funding

The High Point City Council has approved a “Plan B” for building a baseball stadium. 

The alternate proposal is similar to “Plan A,” which allows the city to borrow between $30 and $35 million to build the stadium.

The main difference is that “Plan B” calls for High Point alone to repay the debt, without help from Guilford County. Officials say it would take a decade or so longer to pay off the loan.

The News and Record reports city leaders are still holding out hope for “Plan A,” which would involve financial assistance from the county.

Guilford County Commissioners have been reluctant to sign on.

High Point City Council voted 8-1 on the new plan.

The stadium would be the anchor of a $200 million economic redevelopment plan for downtown.