Curious about what’s going on with one of the Newark Bears’ last owners and Riverfront Stadium in Newark? The Wall Street Journal has an update for you.
Doug Spiel says he has finally found someone to buy the Newark Bears’ team bus. Now he can motor ahead to the next chapter of his life, which also includes baseball, but at a much smaller price.
Newark and Essex County share more than $2 million in annual debt obligations on the park until 2029, so they can’t afford to let the place sit. They need to attract a team, and management, with drawing and staying power.