The D'Angelo family has stated that they are mulling over whether to offer to sell their land holdings in the Fenway to the next new owner of the Sox so the team can rebuild and expand its nearly 80-year old ballpark. The holdings consist of nearly three acres of shops and warehouse buildings located right next door to Fenway.

The Sox has been up for sale for a number of months now and various names have been bandied about as potential new owners of the team including cable tycoon Charles Dolan, television producer Tom Werner and local developer Frank McCourt. If the new owner is indeed able to buy the D'Angelo property, he would have enough land to go ahead and build in the Fenway.

In the current ballpark plan, the city would have to seize 15 acres of land in the Fenway by eminent domain. Under the plan, which was approved last summer, the city would pay $212 million to compensate the landowners, clean up the site and build a parking garage for the stadium.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.