Joliet 9-19-12

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NEWS Candidates to meet voters

INSIDE

SPORTS Keselowski wins Geico 400

ONLINE More news at buglenewspapers.com

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www.jolietbugle.com

Our Village, Our News

SEPTEMBER 19, 2012

Vol. 5 No. 3

AWAY THEY GO! Agreement reached on Slammers, contingent on city approval By Jonathan Samples Staff Reporter

An agreement has been reached between Slammers owner Al Oremus and a potential investment group on the sale of the team, but that agreement is contingent on city approval. Joliet City Manager Tom Thanas said that the sale of the team is a two-step process. First, the Slammer’s current ownership must find a prospective buyer. Second, because the city owns Silver Cross Field, that prospective buyer must be approved by city officials. “Those two components must exist in order for a successful transaction to occur,”Thanas said. “Al has reached an agreement with a particular investment group, but it’s contingent upon the city and the investment group reaching an agreement on a lease.” Slammers ownership declined to comment on this story, but Thanas said the city will make a decision on the potential buyer within 30 days. See SLAMMERS, page 2

“Those two components must exist in order for a successful transaction to occur,” Tom Thanas, City Manager


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