A New York-based developer purchased the site of Bears & Eagles Riverfront Stadium for #23 million, according to a NJ Advance Media report. The underutilized ballpark, which last hosted professional baseball in 2013, will be demolished to make way for a mixed-use, high-rise tower.
“This property is so significant,” said Baye Adofo-Wilson, the city’s Deputy Mayor for Economic and Housing Development. The stadium “was part of a previous attempt to revitalize the downtown…It didn’t work out. We had to come up with a new idea.”
While I’m sad to see the wrecking ball come for a place where I have happy memories, the City of Newark will undoubtedly benefit more from the property being put to more productive use.