Peoria Council approves ballpark restructuring measure
“I do not think we have a choice. I think we have to vote yes for this because the downside if the stadium does close, is going to cost our citizens more,” Akeson says.
Other council members spoke to the positive economic impact the stadium brings to the area each year. The overall restructuring deal also includes new owner investments and more revenue from Caterpillar and Bradley University. The Chiefs are also forming an advisory committee in the coming months to help with the team’s financial oversight going forward.