Register for E-mail alerts. Comment on articles. Sign up today, it's easy.
Close
The Washington Times Online Edition

Monk, Mann join the quest

Former Washington Redskins stars Art Monk and Charles Mann are completing a deal to become equity partners in the Virginia Baseball Club, joining franchise icon Darrell Green as the second and third ex-Redskins to enter the push to bring a major league team to the area.

The formal entry of Monk and Mann, long rumored within local baseball circles, is scheduled to happen early next month. They lead a collection of as many as four others that Virginia Baseball head William Collins is seeking to add to his prospective ownership group.

The arrival of Monk and Mann gives Collins, who has been seeking to get a team in Virginia since 1994, another set of prominent public faces and provides his ownership group its first minorities.

“These guys are institutions in the community,” Collins said. “They are well-respected leaders and great businessmen. We’ve done business together before, and now we’re looking to march forward together again.”

Meanwhile, the Morris & Gwendolyn Cafritz Foundation, which owns land in Pentagon City coveted by the Virginia baseball lobby, wrote Major League Baseball and each team owner on June6 reiterating its objection to its land being discussed as a stadium site.

It is the second such letter sent to MLB outlining the foundation’s strong objection to putting a stadium on its land.

“We have reiterated the unavailability our site to baseball, just so there is no confusion,” said John Barron, the District-based attorney representing the foundation. “We are still proceeding with our development plans, and we simply have no interest in selling this land. I don’t know how we can make that any clearer.”

The foundation, working through several developers, has filed applications with Arlington County to build mixed-use developments on its land, which is located near the intersection of Army-Navy Drive and Eads Street. Barron said the foundation also will vigorously fight any attempts to acquire the land through eminent domain.

The Virginia Baseball Stadium Authority, however, continues to focus much of its efforts on the parcel and has distributed drawings of a proposed stadium sitting on the site.

Authority executive director Gabe Paul, as he has for weeks, declined to comment on the Cafritz land situation, saying only, “We are confident we will be able to negotiate a deal with any landowner.” Collins, also repeating earlier comments, derisively referred to the proposed Cafritz development as “sterile high-rise buildings.”

Collins yesterday declined to name his other prospective partners in the Virginia Baseball Club, though local technology executive William Dean is another incoming investor. Current partners include former Baltimore Stallions owner Jim Speros, Washington Speakers Bureau founders Bernie Swain and Harry Rhoads Jr., and Wachovia Bank. The incoming members are having their financial backgrounds reviewed by the stadium authority.

Once that process is completed, Monk and Mann will determine their intended level of financial investment in Collins’ group, with a decision preferably in place before the All-Star Game on July15.

The two are entering Virginia Baseball as a joint entity under the name Monk & Mann Ventures LLC, the Tysons Corner-based business the pair shares. Collins and his original partners are selling equity in the partnership for $3 million for each 3 percent unit, and they may sell up to eight such units.

“We’ve always supported baseball coming back to this area,” Monk said. “This could be a tremendous benefit to the area, both in terms of economics and its impact on the community. So what we’re doing now is working through all our due diligence and determining to what level we want to be involved.”

Story Continues →

View Entire Story
Comments
blog comments powered by Disqus
You Might Also Like
  • Speaker John Boehner (R-Ohio) speaks at the Conservative Political Action Conference (CPAC) held at the Marriott Wardman Park, Washington, DC, Thursday, February 9, 2012. The annual political conference draws thousands of supporters and prominent conservative figures. (Andrew Harnik / The Washington Times)

    Conservatives fancy the idea of a long nomination fight

    By Seth McLaughlin - The Washington Times

  • (Associated Press photographs)

    Worried conservatives descend on Washington’s CPAC

    By Ralph Z. Hallow - The Washington Times

  • Retired Army Gen. Jack Keane

    General: ‘Use drones to kill’ the Taliban in Pakistan

    By Rowan Scarborough - The Washington Times

  • In Case You Missed It
    Talk of the Web
    Happening Now

          Independent voices from the TWT Communities

          Haydon's Soccer and Sports Pitch

          Covering the world of soccer, including the World Cup, Major League Soccer, D.C. United and the English Premier League and other interesting sporting events.