The Greenjackets’ new stadium in North Augusta will be named SRP Park, the team announced Tuesday.
The team and SRP Federal Credit Union officials refused to divulge the price for the rights, but the city will get $100,000 a year from the sale as part of its deal with the Greenjackets.
The money will be used to help pay off the bonds issued to finance Riverside Village at Hammond’s Ferry, once known as Project Jackson, City Administrator Todd Glover said. The minor league baseball team will move into the stadium next year.
“This long-term agreement is consistent with Naming Rights agreements for similar venues throughout baseball and the largest sponsorship agreement in the history of the GreenJackets,” the team said in a statement.
Jeff Eiseman, the team’s president, said there “isn’t a better fit locally” than SRP.
“They are the largest locally based company in North Augusta, they are active and involved throughout the community as well as the CSRA and they have been partners with the team for well over a decade,” Eiseman said in the team statement. “We take pride in SRP and think SRP Park will be the pride of the CSRA.”
SRP FCU was started in 1960 and serves more than 100,000 members, according to its website.
Harry Gunsallus, SRP’s president and CEO, said the Greenjackets approached the company because “we have had a long-standing partnership with them and because we are the largest locally owned business in North Augusta.”
“This is the biggest thing to happen in our community in some time and it is in keeping with who we are as a company,” he said. “We care about the communities we serve and we believe that this opportunity will further reinforce that commitment.”
The 4,500-seat stadium will be surrounded by apartments, single-family housing, retail stores, a 180-room hotel and a small amphitheater on the river.
The first Greenjackets’ home game is scheduled for April 12, against Lexington, Ky., Legends, a Class A affiliate of the Kansas City Royals.
The last game at Lake Olmstead Stadium in Augusta is Sept. 4 against Charleston.
Reach James Folker at (706) 823-3338 or email@example.com.