Home News Metropolis of Madison continues to attend on Trash Pandas audit
News - May 11, 2021

Metropolis of Madison continues to attend on Trash Pandas audit

MADISON, Ala. — Because the Rocket Metropolis Trash Pandas host their residence opener Tuesday, there are nonetheless questions surrounding how a lot cash the staff homeowners owe town of Madison.

The contract between Madison and Ballcorps, LLC, the corporate that owns the Trash Pandas, requires the group to pay the Metropolis at the least $1 million yearly from “venue income,” however the previous 12 months hasn’t been regular and the way a lot is definitely owed continues to be being sorted out.

Madison Mayor Paul Finley says to this point, town has obtained $165,738.12 from the Rocket Metropolis Trash Pandas.

At a Metropolis Council assembly on January 25, former Trash Pandas President and CEO Ralph Nelson mentioned town is owed $545,177.53 from non-baseball occasions and $101,571.62 from metropolis gross sales tax, however the precise quantity owed — which shall be launched within the audit — has not but been launched.

Final week, Mayor Finley confirmed with Information 19 that the audit had been accomplished. This week, he mentioned the audit staff had obtained full disclosure from Ballcorps, LLC.

Taxpayer cash helps to fund the staff and stadium, so Information 19 is working to search out out extra in regards to the staff’s settlement with the Metropolis and Nelson’s departure.

Nelson, who led the acquisition of the staff and transfer to Madison, instantly resigned two weeks earlier than opening day.

To that finish, Information 19 submitted an open data request to Madison three weeks in the past, on April 21. On Tuesday, Could 11, Information 19 obtained affirmation from the Metropolis Lawyer {that a} response to that request shall be given this week.

Mayor Finley says Madison will launch the main points of the completed audit publicly and with taxpayers as soon as the knowledge is on the market.

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