New AquaSox stadium downtown could cost up to $120M

EVERETT — A new AquaSox stadium downtown could cost up to $120 million, while a remodel of Funko Field could cost nearly $70 million, according to new studies funded by the city and team ownership.

Early last year, a contractor estimated a new downtown stadium would be in the range of $40 million to $80 million.

While more expensive to build, the proposed downtown location at Hewitt Avenue and Broadway could generate four times the revenue, compared to the current Funko Field site a mile south, said city Economic Development Director Dan Eernissee at an AquaSox stadium fiscal advisory committee meeting Wednesday.

The city estimates a downtown location — near Angel of the Winds Arena, the city’s commercial core and Everett Station — would generate about $55 million in revenue annually, Eernissee said. In 2022, Funko Field generated $12.1 million. Numbers for the 2023 season weren’t yet available, but are likely higher than 2022 revenues, he added.

https://www.heraldnet.com/news/study-new-aquasox-stadium-downtown-could-cost-up-to-120m/

$120 million for a single A stadium?

Plus who receives the revenue generated, the team? The article really doesn't say.