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Summerlin Las Vegas Baseball Club completes 51s' purchase

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Updated: 5/13/2013 10:18 am
LAS VEGAS – Summerlin Las Vegas Baseball Club LLC, a joint venture comprised of The Howard Hughes Corporation and Play Ball Owners Group, including investors Steve Mack, Bart Wear and Chris Kaempfer, today announced that it has completed the purchase of the Las Vegas 51s from Stevens Baseball Group.

The Triple-A baseball team, affiliated with the New York Mets, is a member of the Pacific Coast League and has been based in Las Vegas for 30 years.

“We see the opportunity of owning the 51s as a great way to extend our commitment to the entire Las Vegas Valley,” said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. “We will work to ensure that the baseball experience in Las Vegas is among the best and look forward to an exciting new era for the team, their fans and followers.”

As the largest community development company in the Las Vegas Valley, The Howard Hughes Corporation is the landowner and master planner of award-winning, 22,500-acre Summerlin, which began more than 25 years ago.

The Summerlin development team is currently working with homebuilders in several neighborhoods across the community to meet increasing demand for new homes in Las Vegas. The Howard Hughes Corporation is also actively developing Downtown Summerlin, a 400-acre dynamic urban core that will serve the entire valley.

The mixed-use project will incorporate retail, office and entertainment, including The Shops at Summerlin, an open-air center, considered to be one of the premier regional retail developments in the U.S.

The new ownership group, working with local civic leaders and key stakeholders, will be exploring options to move the 51s from outmoded Cashman Field, one of the oldest ballparks in the league, to a new facility within the Summerlin master planned community. The proposed ballpark would be situated within downtown Summerlin and offer dining and other entertainment options for fans, families and friends to enjoy before or after the game.

The potential site, located near the 215 Beltway and Charleston Boulevard, would also be more accessible for game watchers.

“This is a big day for everyone that lives in Las Vegas who loves the 51s, baseball and sports,” said investor Steve Mack. “For the first time in 20 years, ownership is represented by owners who live here, invest in this community and believe that the 51s are an essential part of future development of the Las Vegas fabric.”

-- From news release


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