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Goodyear Changes Ballpark Fund For More Transparency

The way Goodyear tracks how much money is being spent on the city’s ballpark every year is changing. The new way is meant to be more transparent.

All the expenses related to Goodyear Ballpark will now be tracked through a government special revenue fund.

The ballpark fund was first set up in 2007 like a private business fund. It was meant to be self-sufficient, where revenue like ticket sales would cover the ballpark’s costs and debt.

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Doug Sandstrom, Goodyear's finance director, said the original fund was never self-sufficient, and the new fund will more clearly show the ballpark and city’s expenses.

“It’s more transparent because you can very clearly see how much money was actually spent each year, how much revenue is actually generated each year and then what the dollar amount of the transfer from the general fund to that fund is.”

Sandstrom estimates the city will pay about $9 million to the Goodyear Ballpark fund this year, and each subsequent year to offset the remaining debt.

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Casey Kuhn was a senior field correspondent at KJZZ from 2015 to 2019.