Owners of Peoria Chief’s Stadium are working on a financial restructuring for the struggling ball park. It consists of three parts: new owner investments, revenue from local corporations including Caterpillar and Bradley University, and debt forgiveness. That means a bank loan reduction and the city of Peoria forgiving one point two million in bond debt. Peoria Mayor Jim Ardis says it’s important for the city to support the park because not many communities Peoria’s size have a farm team for a major league team. He says seeing the stadium shutdown would not be good for the city.