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Preliminary Approval Given to Knights’ Stadium Sale

The York County Council moved a step closer to selling the Knights Stadium property Monday night.  Council members also gave preliminary approval to an incentive package for Cato Corporation, a Charlotte-based apparel retailer that’s buying the stadium property.  Councilman Chad Williams read the proposed ordinance.

[Audio clip: view full post to listen]

The council also gave first-reading approval to an ordinance authorizing the sale of the Knights Stadium property to Cato.  This will be the final season the Charlotte triple-A minor league club will play at the stadium.  Next year it will move to a stadium being built in uptown Charlotte.  Cato is paying about $844,000 for the 32 acres off Gold Hill Road.  There are plans for a $36-million distribution center that would create 130 new jobs at the stadium site.  Cato recently bought 256 acres surrounding the stadium site.  The company plans to invest a total of about $450-million dollars and create 7,000 jobs.

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