Time ticking by for Prim

He is unlikely to secure financing by city deadline, people close to deal say

(By Laura Graff, Winston-Salem Journal) - The financing agreement for the half-finished downtown ballpark is not likely to close by Monday, the deadline set by the Winston-Salem City Council, people involved with the deal said yesterday.

If the deal does not close by the deadline, the council will have to decide whether to give stadium developer Billy Prim and his investors more time, or to pull back almost $15 million in city financing.

Prim also owns the Winston-Salem Dash, the minor-league team that will play in the new ballpark.