Picture courtesy fieldofdreamsmoviesite.com.
Kyle Munson, Des Moines Register
If you build it...eventually it will sell for $3.4 million.
That's the price a group of investors that included Hall of Famer Wade Boggs paid for the 193-acre Iowa cornfield made famous by the movie Field of Dreams.
Go the Distance Baseball LLC (a group of investors headed by Mike and Denise Stillman of suburban Chicago and including Boggs) closed last week on its purchase for $3.4 million plus interest from previous owners Don and Becky Lansing. The initial list price more than two years ago for the rural Dyersville farm made famous by the mystical 1989 Kevin Costner flick had been a heftier $5.4 million.
"Certainly this is a momentous time for both Donnie and I," Becky Lansing said in a statement. "We have been preparing for this sale for a few years, and our family, including Donnie's sister Betty Boeckenstedt, will continue to be a part of the movie site through the transition with the new owners and, likely, beyond."
The goal of Go the Distance is to redevelop the site into All-Star Ballpark Heaven - a youth sports tourney complex that will bring 12 fields and 60 clubhouses to the middle of rural northeast Iowa and nearby Dubuque. Construction is slated to begin this spring, with the first tournament games scheduled for 2014.
The sale is the latest twist in a real estate and political saga that was, at times, contentious since the Stillmans made their initial public pitch for redevelopment more than a year ago. Headlines in recent months focused on the increasingly testy court battle between the Stillmans and a group of rural neighbors who have opposed the site's expansion. The project will also benefit from significant tax breaks from both state and local government.
Des Moines Register