Just A Reminder: Frank McCourt Won’t Get Any Parking Lot Revenue

Ramona Shelburne of ESPN Los Angeles and Bill Shaikin of the Los Angeles Times calm the concern of a lot of fans of the Los Angeles Dodgers who were apparently fretting about giving money to Frank McCourt.

The joint venture between the ownership group led by Magic Johnson and soon-to-be former Los Angeles Dodgers owner Frank McCourt for land around Dodger Stadium will not allow McCourt to reap any profits from parking revenue, according to three sources with knowledge of the situation.

Under terms of the deal, no development would take place on the lots unless the Johnson group and McCourt agree. The deal also ensures that McCourt can retain partial ownership of the lots and share in any future development revenue.

The money fans pay to park at Dodgers games goes to the new ownership group.

So go back to the stadium and stop whining.

Thanks.

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