Economics
North Carolina Manufacturing Hub Gets Into Stadium Business
- City of High Point selling bonds for a baseball stadium
- Officials are hoping to revitalize city’s downtown area
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High Point, North Carolina, is furnishing itself a new economic development gambit -- a stadium.
The furniture manufacturing hub located 75 miles (120 kilometers) north of Charlotte is selling $35 million in taxable bonds this week to finance a 5,000-seat stadium for the Bluefish minor league baseball team. The stadium is part of the city’s plan to revitalize its downtown with restaurants, shops and new apartments.