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City Considers Real Estate Tax Exemption for Diamond Nation Stadium Complex

City Considers Real Estate Tax Exemption for Diamond Nation Stadium Complex

By Susan Larson
Diamond Nation has requested a permanent real estate tax exemption from the City of Fredericksburg in exchange for a revenue share “in perpetuity” and the city’s investment of up to $26 million to build a baseball stadium and sports complex in Celebrate Virginia South.
The new terms came in a letter to City Council on August 21 from Diamond Nation owner Jack Cust.

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City Pledges Additional $2M, Accepts Diamond Nation Offer

City Pledges Additional $2M, Accepts Diamond Nation Offer

By Susan Larson
Plans for a minor league baseball stadium and amateur sports complex in Fredericksburg were revived Tuesday, when City Council unanimously voted to accept Diamond Nation’s most recent offer.
“We’re essentially back to where we were a year ago,” Mayor Mary Katherine Greenlaw said.
City Manager Bev Cameron announced the offer before the meeting in an email to the press.  He outlined the offer in three points:

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