Prince William County Close to Gaining State-of-the-Art Potomac Nationals Baseball Stadium through Public/Private PartnershipJuly 17, 2012
Prince William County, Potomac Nationals, the Virginia Department of Transportation (VDOT) and PTC Roadside Development LLC, are excited to announce that they have agreed to a framework for a public/private partnership that would bring a 6,000 – 7,000 seat state-of-the-art minor league baseball stadium to Prince William County for the Carolina League Championship Potomac Nationals. As part of this partnership the County would also receive a commuter parking garage and additional office and residential opportunities.
The stadium would be located at Potomac Town Center, which has easy access from both Route 1 and I-95. With the wide array of quality shopping, office and residential opportunities, this will be a unique setting not found at many minor-league stadiums in this country. The stadium would offer year-round events to both residents and tourists alike while offering fans the opportunity to see a championship level minor league team that is an affiliate of the first place National League East Washington Nationals. When completed, the project would bring more than $200 million in private sector investment and $15 million in investment from the Commonwealth.
“We have worked diligently with the folks in Richmond and with the private sector to bring this opportunity to Prince William County. The Potomac Nationals and Roadside Development are important corporate citizens and we are happy to see their continued commitment to our community,” said Corey Stewart, Chairman of the Prince William Board of County Supervisors. “We are also grateful for the Commonwealth’s decision to build the much-needed commuter parking here in Prince William. Our goal is to enhance the opportunities and quality of life of our residents with minimal burden to Prince William County taxpayers. The framework we have established accomplishes that goal and makes this project feasible for all parties. The County, Roadside, and the Potomac Nationals still need to come to a final agreement on the details of terms to move this forward to the next stage, which is to have a proposed project to be vetted by the citizens of Prince William County.”
The Potomac Nationals have been located in Prince William County since 1984 and the new stadium is an important milestone in the team’s history. Art Silber, the owner of the Potomac Nationals plans to fund construction of the new stadium, announcing his intent to invest over $25 million. “We couldn’t be happier about this partnership and that Prince William will continue to be the home for the Potomac Nationals,” said Silber. “This new, state-of-the art stadium on the I-95 corridor will offer our players and fans a great venue for professional baseball.”
An important amenity in the project would be a new commuter garage built using state transportation funds, land dedicated to public use and constructed by the Prince William County Transportation Department. The garage would offer commuter parking to Prince William residents who use the transit serving the garage or carpool using HOV or Express Lanes.
“The Governor is committed to partnering with communities to bring economic development opportunities and transportation solutions to the people of the Commonwealth” said Sean Connaughton, Virginia Secretary of Transportation. “This $15 million agreement for 1,000 covered parking spaces is an excellent investment for the Commonwealth and I-95 commuters, especially with the coming I-95 express lanes. Without this partnership, it would cost almost double in public funds to construct a similar lot. This project represents the fulfillment of the Governor’s commitment to build additional commuter parking as part of the Hot Lanes project, and even more importantly, it showcases both Prince William and Virginia as the place to do business.”
Roadside Development plans to build on the success of their town center project with additional office space and the associated residential units. The proposal to be vetted by the community would include 125,000 square feet of space, which is expected to provide new jobs particularly for medical and other industries, and 300 homes to support the retail and office uses in the Center. “Our investment in this project would be more than $30 million and we plan to assist in funding the infrastructure necessary for the partnership,” said Todd Weiss, a partner with Roadside Development. “Stonebridge at Potomac Town Center has become a destination along the I-95 corridor and Prince William County has been a great place to do business. This will be another great amenity for our tenants and for the thousands of people who visit the Center each day.”
Over the next 90 days, the public-private partners will continue working through the feasibility phase of the project, and will begin the process of reaching out to the surrounding communities to obtain public comment on the project.