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Council OK’s deal to sell Knights Stadium to Cato for $844,000

Posted By Andrew Kiel On May 20, 2013 @ 11:56 PM In State & Local News | Comments Disabled

Charlotte Knights Stadium in Fort Mill will officially be changing hands after the first of the year.

York County Council Monday gave the green light to a plan to sell the 32-acre facility to the Cato Corporation which has already purchased 250 acres surrounding the site with plans for a future development.

York County Economic Development Director Mark Farris is pleased with the plan to sell the last bit of land after the Knights’ $1 per-year lease ends December 31.

[Audio clip: view full post to listen]

Cato will pay $844,000 for the property. County documents show Cato plans to invest $36 million into a new distribution center and later invest another $450 million into a mixed-use development.

York County Councilman Michael Johnson represents the Fort Mill District.

[Audio clip: view full post to listen]

The land Knights Stadium is built on was donated to the county nearly more than two decades ago.

The Charlotte Knights will open their 2014 season at BB&T Ballpark in Uptown Charlotte in April 2013.

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