FOR IMMEDIATE RELEASE
July 23, 2018
OREM - The following statement has been released by Owlz majority owner, Jeff Katofsky:
Previously, we announced a likely deal with the City and County of Pueblo, Colorado, to open a youth sports facility, multiple hotels and a new home for the Owlz. I have always stated that it was a dream and goal of mine to have a youth sports facility for boys and girls to learn baseball, team sports and the leadership and athletic lessons that ensue. I cautioned that the transaction was preliminary and there were a lot of details to finalize the deal. In the end, some within the City of Pueblo, as well as other related governmental agencies, were either unable or unwilling to consummate the written and oral promises that were made to our ownership groups.
The impetus for this transaction was multi-purpose. Pueblo Colorado has a beautiful Historic Downtown with a breathtaking Riverwalk and wonderful, welcoming people. From a business standpoint, however, it is stagnant and in dire need of an anchor. Our goal was to invest approximately $50,000,000 in order to revitalize Pueblo through sports, tourism and growth that would bring literally thousands of people to Pueblo weekly during baseball season. In addition, Pueblo would have a multi-use facility for events, concerts, graduations, high school and college games, soccer and a host of exciting community gatherings. Unfortunately, those opposed to this economic juggernaut had the louder voice. For whatever reasons, we seemed to believe in Pueblo more than this outspoken minority.
The Owlz will continue to enjoy the most beautiful ballpark in all of Minor League Baseball and its positive relationship with Utah Valley University. We wish our friends in Pueblo success and prosperity.