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Sunday, September 25, 2016

Will Dodger Stadium be in play now that the McCourts have separated?

News tonight that Dodger owner Frank McCourt and his wife, Jamie, have separated has triggered speculation about the fate of the team and the Dodger organization. The LA Times noted that the McCourts did not mention a divorce in a brief statement but “a dispute over their assets could lead to a sale of the team, as happened in a dispute between San Diego Padres owner John Moores and his estranged wife, Becky.”

The Dodgers have been planning a $500 million stadium expansion and renovation of the approximately 400-acre ballpark next immediately east of Echo Park. McCourt relocated his real estate business from Boston to Los Angeles and hired an executive with extensive experience in real estate development to head the firm. The focus of the firm was to secure the necessary approvals for the Dodgers to carry out what’s called the Next 50 plan. It’s not clear what impact if any a possible sale of the team would have on those development plans and the ballpark property.

Rendering from Dodgers web site; bottom photo by kla4067 via Flickr



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